Call reports 2010
HERRING BANK — 2010
What HERRING BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 517,967,000 | 513,928,000 | 526,046,000 | 530,374,000 |
| Total loans | 398,287,000 | 359,923,000 | 354,247,000 | 347,639,000 |
| Allowance for loan losses | 3,784,000 | 3,899,000 | 4,712,000 | 4,818,000 |
| Securities available for sale | 75,197,000 | 77,192,000 | 83,594,000 | 94,003,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 415,623,000 | 426,927,000 | 449,648,000 | 456,905,000 |
| Interest-bearing deposits | 341,281,000 | 344,369,000 | 347,661,000 | 359,747,000 |
| Noninterest-bearing deposits | 74,342,000 | 82,558,000 | 101,987,000 | 97,158,000 |
| Equity capital | 49,320,000 | 50,669,000 | 51,045,000 | 48,343,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 6,435,000 | 13,213,000 | 19,858,000 | 26,187,000 |
| Interest expense | 1,434,000 | 2,811,000 | 4,104,000 | 5,374,000 |
| Net interest income | 5,001,000 | 10,402,000 | 15,754,000 | 20,813,000 |
| Noninterest income | 2,110,000 | 4,863,000 | 8,962,000 | 11,572,000 |
| Noninterest expense | 4,980,000 | 10,509,000 | 16,044,000 | 21,721,000 |
| Provision for loan losses | 487,000 | 747,000 | 2,477,000 | 3,196,000 |
| Pretax income | 1,644,000 | 4,009,000 | 6,195,000 | 7,468,000 |
| Income tax | 0 | 0 | -434,000 | -434,000 |
| Net income | 1,644,000 | 4,009,000 | 6,629,000 | 7,902,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,404,000 | 50,706,000 | 51,072,000 | 47,874,000 |
| Total capital | 53,188,000 | 54,604,000 | 55,570,000 | 52,329,000 |
| Risk-weighted assets | 355,613,000 | 352,544,000 | 359,593,000 | 356,058,000 |