Call reports 2008
METRO CITY BANK — 2008
What METRO CITY BANK 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 | 223,431,000 | 252,225,000 | 272,923,000 | 288,918,000 |
| Total loans | 188,055,000 | 211,548,000 | 238,397,000 | 253,541,000 |
| Allowance for loan losses | 2,104,000 | 2,252,000 | 2,613,000 | 3,366,000 |
| Securities available for sale | 20,514,000 | 19,817,000 | 16,565,000 | 19,917,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 171,369,000 | 185,273,000 | 202,790,000 | 211,486,000 |
| Interest-bearing deposits | 150,257,000 | 164,878,000 | 182,366,000 | 190,560,000 |
| Noninterest-bearing deposits | 21,112,000 | 20,395,000 | 20,424,000 | 20,926,000 |
| Equity capital | 32,154,000 | 32,279,000 | 33,471,000 | 33,920,000 |
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 | 3,679,000 | 7,562,000 | 11,690,000 | 16,044,000 |
| Interest expense | 1,893,000 | 3,683,000 | 5,566,000 | 7,522,000 |
| Net interest income | 1,786,000 | 3,879,000 | 6,124,000 | 8,522,000 |
| Noninterest income | 563,000 | 1,154,000 | 1,760,000 | 2,649,000 |
| Noninterest expense | 1,399,000 | 2,867,000 | 4,408,000 | 6,199,000 |
| Provision for loan losses | 355,000 | 615,000 | 990,000 | 1,905,000 |
| Pretax income | 704,000 | 1,664,000 | 2,667,000 | 3,249,000 |
| Income tax | 281,000 | 664,000 | 1,044,000 | 1,586,000 |
| Net income | 423,000 | 1,000,000 | 1,623,000 | 1,663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,037,000 | 32,718,000 | 33,443,000 | 33,586,000 |
| Total capital | 34,141,000 | 34,970,000 | 36,056,000 | 36,952,000 |
| Risk-weighted assets | 206,552,000 | 232,635,000 | 256,751,000 | 273,119,000 |