Call reports 2008
PRIME BANK — 2008
What PRIME BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Total assets | 14,799,000 | 20,882,000 | 25,360,000 |
| Total loans | 12,464,000 | 14,330,000 | 20,261,000 |
| Allowance for loan losses | 88,000 | 122,000 | 171,000 |
| Securities available for sale | 1,455,000 | 1,006,000 | 1,016,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 7,446,000 | 15,019,000 | 18,315,000 |
| Interest-bearing deposits | 6,685,000 | 12,890,000 | 14,733,000 |
| Noninterest-bearing deposits | 761,000 | 2,129,000 | 3,582,000 |
| Equity capital | 5,876,000 | 5,820,000 | 5,724,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Interest income | 130,000 | 362,000 | 612,000 |
| Interest expense | 23,000 | 94,000 | 192,000 |
| Net interest income | 107,000 | 268,000 | 420,000 |
| Noninterest income | 3,000 | 58,000 | 91,000 |
| Noninterest expense | 210,000 | 472,000 | 762,000 |
| Provision for loan losses | 88,000 | 122,000 | 171,000 |
| Pretax income | -188,000 | -268,000 | -422,000 |
| Income tax | -64,000 | -88,000 | -146,000 |
| Net income | -124,000 | -180,000 | -276,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Tier 1 capital | 5,812,000 | 5,732,000 | 5,578,000 |
| Total capital | 5,900,000 | 5,854,000 | 5,749,000 |
| Risk-weighted assets | 11,864,000 | 14,903,000 | 20,246,000 |