Call reports 2008
GOLDWATER BANK, NATIONAL ASSOCIATION — 2008
What GOLDWATER 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 | 54,882,000 | 67,355,000 | 100,013,000 | 114,374,000 |
| Total loans | 37,946,000 | 48,848,000 | 67,219,000 | 71,836,000 |
| Allowance for loan losses | 445,000 | 600,000 | 1,161,000 | 1,136,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 100,000 | 7,561,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,815,000 | 49,690,000 | 83,168,000 | 93,523,000 |
| Interest-bearing deposits | 29,489,000 | 49,505,000 | 82,666,000 | 93,121,000 |
| Noninterest-bearing deposits | 326,000 | 185,000 | 502,000 | 402,000 |
| Equity capital | 17,778,000 | 17,336,000 | 16,514,000 | 16,341,000 |
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 | 780,000 | 1,618,000 | 2,858,000 | 4,350,000 |
| Interest expense | 214,000 | 480,000 | 1,003,000 | 1,721,000 |
| Net interest income | 566,000 | 1,138,000 | 1,855,000 | 2,629,000 |
| Noninterest income | 20,000 | 43,000 | 54,000 | -44,000 |
| Noninterest expense | 940,000 | 1,826,000 | 2,729,000 | 3,533,000 |
| Provision for loan losses | 383,000 | 553,000 | 1,200,000 | 1,245,000 |
| Pretax income | -737,000 | -1,198,000 | -2,020,000 | -2,193,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -737,000 | -1,198,000 | -2,020,000 | -2,193,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,778,000 | 17,336,000 | 16,514,000 | 16,341,000 |
| Total capital | 18,228,000 | 17,941,000 | 17,586,000 | 17,203,000 |
| Risk-weighted assets | 47,500,000 | 54,280,000 | 85,618,000 | 88,335,000 |