Call reports 2007
HERRING BANK — 2007
What HERRING BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 333,886,000 | 336,746,000 | 338,365,000 | 333,711,000 |
| Total loans | 257,168,000 | 253,748,000 | 252,865,000 | 251,561,000 |
| Allowance for loan losses | 3,944,000 | 3,358,000 | 3,350,000 | 3,353,000 |
| Securities available for sale | 37,152,000 | 36,469,000 | 34,694,000 | 38,221,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,741,000 | 302,391,000 | 302,211,000 | 298,534,000 |
| Interest-bearing deposits | 258,148,000 | 256,731,000 | 255,985,000 | 251,740,000 |
| Noninterest-bearing deposits | 40,593,000 | 45,660,000 | 46,226,000 | 46,794,000 |
| Equity capital | 32,049,000 | 31,365,000 | 32,634,000 | 30,278,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,990,000 | 12,209,000 | 18,454,000 | 24,518,000 |
| Interest expense | 2,686,000 | 5,423,000 | 8,166,000 | 10,797,000 |
| Net interest income | 3,304,000 | 6,786,000 | 10,288,000 | 13,721,000 |
| Noninterest income | 1,749,000 | 3,235,000 | 5,674,000 | 7,132,000 |
| Noninterest expense | 3,226,000 | 6,867,000 | 10,424,000 | 13,920,000 |
| Provision for loan losses | 98,000 | -254,000 | -101,000 | 36,000 |
| Pretax income | 1,729,000 | 3,408,000 | 5,639,000 | 6,897,000 |
| Income tax | 446,000 | 578,000 | 578,000 | 578,000 |
| Net income | 1,283,000 | 2,830,000 | 5,061,000 | 6,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,396,000 | 30,993,000 | 32,334,000 | 31,532,000 |
| Total capital | 34,702,000 | 34,260,000 | 35,579,000 | 34,700,000 |
| Risk-weighted assets | 263,817,000 | 261,296,000 | 259,530,000 | 253,292,000 |