Call reports 2008
GRANITE COMMUNITY BANK, NATIONAL ASSOCIATION — 2008
What GRANITE COMMUNITY BANK, NATIONAL ASSOCIATION 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 | 151,778,000 | 164,920,000 | 153,594,000 | 134,812,000 |
| Total loans | 128,933,000 | 129,845,000 | 125,160,000 | 116,216,000 |
| Allowance for loan losses | 3,006,000 | 2,904,000 | 2,718,000 | 6,356,000 |
| Securities available for sale | 11,632,000 | 8,994,000 | 6,977,000 | 4,057,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,602,000 | 140,130,000 | 122,890,000 | 111,651,000 |
| Interest-bearing deposits | 96,596,000 | 107,542,000 | 94,389,000 | 86,254,000 |
| Noninterest-bearing deposits | 29,006,000 | 32,588,000 | 28,501,000 | 25,397,000 |
| Equity capital | 15,977,000 | 16,491,000 | 16,498,000 | 9,166,000 |
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 | 2,507,000 | 4,866,000 | 7,097,000 | 8,972,000 |
| Interest expense | 1,083,000 | 2,015,000 | 2,826,000 | 3,564,000 |
| Net interest income | 1,424,000 | 2,851,000 | 4,271,000 | 5,408,000 |
| Noninterest income | 100,000 | 737,000 | 875,000 | 986,000 |
| Noninterest expense | 1,264,000 | 2,455,000 | 3,726,000 | 5,223,000 |
| Provision for loan losses | 25,000 | 175,000 | 450,000 | 8,200,000 |
| Pretax income | 235,000 | 958,000 | 970,000 | -7,029,000 |
| Income tax | 20,000 | 180,000 | 186,000 | -464,000 |
| Net income | 215,000 | 778,000 | 784,000 | -6,565,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,961,000 | 16,475,000 | 16,482,000 | 9,133,000 |
| Total capital | 17,730,000 | 18,296,000 | 18,242,000 | 10,770,000 |
| Risk-weighted assets | 140,246,000 | 144,615,000 | 139,774,000 | 125,440,000 |