Call reports 2008
HERRING BANK — 2008
What HERRING 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 | 327,209,000 | 333,245,000 | 336,975,000 | 351,242,000 |
| Total loans | 240,945,000 | 251,483,000 | 271,703,000 | 290,197,000 |
| Allowance for loan losses | 3,312,000 | 3,152,000 | 3,198,000 | 3,095,000 |
| Securities available for sale | 43,277,000 | 41,702,000 | 40,188,000 | 34,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 292,109,000 | 298,707,000 | 287,408,000 | 300,237,000 |
| Interest-bearing deposits | 237,849,000 | 234,987,000 | 231,536,000 | 247,657,000 |
| Noninterest-bearing deposits | 54,260,000 | 63,720,000 | 55,872,000 | 52,580,000 |
| Equity capital | 30,080,000 | 30,069,000 | 30,304,000 | 29,687,000 |
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 | 5,596,000 | 10,692,000 | 15,838,000 | 20,951,000 |
| Interest expense | 2,296,000 | 4,161,000 | 5,819,000 | 7,426,000 |
| Net interest income | 3,300,000 | 6,531,000 | 10,019,000 | 13,525,000 |
| Noninterest income | 1,558,000 | 2,858,000 | 4,173,000 | 5,564,000 |
| Noninterest expense | 3,391,000 | 6,873,000 | 10,130,000 | 13,966,000 |
| Provision for loan losses | 260,000 | 191,000 | 950,000 | 1,547,000 |
| Pretax income | 1,207,000 | 2,325,000 | 3,112,000 | 3,576,000 |
| Income tax | 0 | 0 | 0 | -142,000 |
| Net income | 1,207,000 | 2,325,000 | 3,112,000 | 3,718,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,802,000 | 31,565,000 | 31,263,000 | 31,101,000 |
| Total capital | 33,898,000 | 34,717,000 | 34,461,000 | 34,197,000 |
| Risk-weighted assets | 247,449,000 | 256,442,000 | 262,645,000 | 278,506,000 |