Call reports 2008
BANK OF CHOICE — 2008
What BANK OF CHOICE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 |
|---|---|---|
| Total assets | 560,922,000 | 562,592,000 |
| Total loans | 426,493,000 | 421,319,000 |
| Allowance for loan losses | 4,407,000 | 4,325,000 |
| Securities available for sale | 38,825,000 | 29,519,000 |
| Securities held to maturity | 20,891,000 | 24,318,000 |
| Trading assets | 0 | 0 |
| Total deposits | 431,275,000 | 418,501,000 |
| Interest-bearing deposits | 400,309,000 | 383,596,000 |
| Noninterest-bearing deposits | 30,966,000 | 34,905,000 |
| Equity capital | 43,466,000 | 42,544,000 |
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 |
|---|---|---|
| Interest income | 8,537,000 | 16,677,000 |
| Interest expense | 5,474,000 | 10,809,000 |
| Net interest income | 3,063,000 | 5,868,000 |
| Noninterest income | 745,000 | 1,288,000 |
| Noninterest expense | 3,400,000 | 7,013,000 |
| Provision for loan losses | 163,000 | 433,000 |
| Pretax income | 546,000 | 213,000 |
| Income tax | 141,000 | -51,000 |
| Net income | 405,000 | 264,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 |
|---|---|---|
| Tier 1 capital | 43,133,000 | 42,990,000 |
| Total capital | 47,646,000 | 47,421,000 |
| Risk-weighted assets | 471,807,000 | 468,113,000 |