Call reports 2008
BANK OF GRANITE — 2008
What BANK OF GRANITE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,192,025,000 | 1,157,908,000 | 1,126,581,000 | 1,112,795,000 |
| Total loans | 930,653,000 | 939,717,000 | 936,832,000 | 936,058,000 |
| Allowance for loan losses | 15,370,000 | 18,743,000 | 21,438,000 | 24,693,000 |
| Securities available for sale | 65,663,000 | 62,383,000 | 58,283,000 | 55,676,000 |
| Securities held to maturity | 27,239,000 | 23,862,000 | 23,632,000 | 23,626,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,047,291,000 | 1,018,430,000 | 987,536,000 | 1,005,736,000 |
| Interest-bearing deposits | 867,765,000 | 848,987,000 | 839,259,000 | 874,688,000 |
| Noninterest-bearing deposits | 179,526,000 | 169,443,000 | 148,277,000 | 131,048,000 |
| Equity capital | 104,517,000 | 100,748,000 | 100,849,000 | 66,466,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 17,707,000 | 33,469,000 | 48,795,000 | 62,452,000 |
| Interest expense | 8,176,000 | 14,945,000 | 21,445,000 | 28,233,000 |
| Net interest income | 9,531,000 | 18,524,000 | 27,350,000 | 34,219,000 |
| Noninterest income | 2,100,000 | 3,542,000 | 5,839,000 | 7,857,000 |
| Noninterest expense | 7,758,000 | 15,498,000 | 22,285,000 | 40,762,000 |
| Provision for loan losses | 1,400,000 | 9,820,000 | 13,376,000 | 30,143,000 |
| Pretax income | 2,532,000 | -3,190,000 | -2,405,000 | -29,583,000 |
| Income tax | 711,000 | -1,828,000 | -1,803,000 | 4,842,000 |
| Net income | 1,821,000 | -1,362,000 | -602,000 | -34,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,018,000 | 89,710,000 | 90,447,000 | 67,548,000 |
| Total capital | 105,872,000 | 102,567,000 | 103,085,000 | 79,982,000 |
| Risk-weighted assets | 1,025,795,000 | 1,022,711,000 | 1,002,238,000 | 982,456,000 |