Call reports 2008
APPLIED BANK — 2008
What APPLIED 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 | 197,609,000 | 180,581,000 | 197,398,000 | 199,081,000 |
| Total loans | 7,764,000 | 10,437,000 | 11,653,000 | 15,037,000 |
| Allowance for loan losses | 143,000 | 154,000 | 208,000 | 317,000 |
| Securities available for sale | 38,689,000 | 37,412,000 | 131,871,000 | 169,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 140,569,000 | 120,201,000 | 133,159,000 | 133,121,000 |
| Interest-bearing deposits | 42,372,000 | 35,185,000 | 35,775,000 | 38,311,000 |
| Noninterest-bearing deposits | 98,197,000 | 85,016,000 | 97,384,000 | 94,810,000 |
| Equity capital | 55,486,000 | 59,435,000 | 63,102,000 | 63,606,000 |
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 | 2,264,000 | 3,342,000 | 4,299,000 | 5,204,000 |
| Interest expense | 444,000 | 734,000 | 1,013,000 | 1,236,000 |
| Net interest income | 1,820,000 | 2,608,000 | 3,286,000 | 3,968,000 |
| Noninterest income | 10,735,000 | 19,577,000 | 26,344,000 | 31,661,000 |
| Noninterest expense | 4,509,000 | 8,883,000 | 11,454,000 | 14,443,000 |
| Provision for loan losses | -327,000 | -314,000 | -260,000 | -143,000 |
| Pretax income | 8,373,000 | 13,616,000 | 18,436,000 | 21,329,000 |
| Income tax | 588,000 | 842,000 | 1,077,000 | 1,218,000 |
| Net income | 7,785,000 | 12,774,000 | 17,359,000 | 20,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,332,000 | 55,482,000 | 61,618,000 | 60,299,000 |
| Total capital | 47,476,000 | 55,636,000 | 61,826,000 | 60,616,000 |
| Risk-weighted assets | 58,458,000 | 53,139,000 | 39,559,000 | 36,338,000 |