Call reports 2007
APPLIED BANK — 2007
What APPLIED 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 | 186,055,000 | 173,351,000 | 177,607,000 | 178,681,000 |
| Total loans | 237,000 | 347,000 | 3,050,000 | 4,561,000 |
| Allowance for loan losses | 0 | 1,000 | 180,000 | 487,000 |
| Securities available for sale | 124,654,000 | 92,917,000 | 137,587,000 | 136,387,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,798,000 | 94,231,000 | 104,564,000 | 98,903,000 |
| Interest-bearing deposits | 65,555,000 | 59,260,000 | 68,258,000 | 69,659,000 |
| Noninterest-bearing deposits | 47,243,000 | 34,971,000 | 36,306,000 | 29,244,000 |
| Equity capital | 53,978,000 | 60,388,000 | 68,830,000 | 76,118,000 |
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 | 2,707,000 | 4,848,000 | 7,306,000 | 9,943,000 |
| Interest expense | 695,000 | 1,475,000 | 2,219,000 | 2,913,000 |
| Net interest income | 2,012,000 | 3,373,000 | 5,087,000 | 7,030,000 |
| Noninterest income | 19,670,000 | 35,996,000 | 48,996,000 | 60,335,000 |
| Noninterest expense | 10,582,000 | 21,400,000 | 27,110,000 | 32,474,000 |
| Provision for loan losses | 0 | 1,000 | 180,000 | 516,000 |
| Pretax income | 11,100,000 | 17,968,000 | 26,793,000 | 34,375,000 |
| Income tax | 541,000 | 875,000 | 1,305,000 | 1,675,000 |
| Net income | 10,559,000 | 17,093,000 | 25,488,000 | 32,700,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,270,000 | 47,705,000 | 57,362,000 | 54,681,000 |
| Total capital | 41,270,000 | 47,705,000 | 57,542,000 | 55,169,000 |
| Risk-weighted assets | 65,826,000 | 63,108,000 | 79,570,000 | 81,253,000 |