Call reports 2008
LAKE RIDGE BANK — 2008
What LAKE RIDGE 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 | 639,497,000 | 666,608,000 | 695,424,000 | 698,042,000 |
| Total loans | 472,828,000 | 503,888,000 | 529,718,000 | 537,411,000 |
| Allowance for loan losses | 4,214,000 | 3,949,000 | 3,900,000 | 4,500,000 |
| Securities available for sale | 42,193,000 | 44,513,000 | 44,858,000 | 46,935,000 |
| Securities held to maturity | 43,813,000 | 45,139,000 | 45,396,000 | 43,065,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 538,090,000 | 545,626,000 | 572,716,000 | 572,293,000 |
| Interest-bearing deposits | 473,047,000 | 471,659,000 | 501,486,000 | 501,726,000 |
| Noninterest-bearing deposits | 65,043,000 | 73,967,000 | 71,231,000 | 70,567,000 |
| Equity capital | 57,889,000 | 57,605,000 | 58,615,000 | 59,818,000 |
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 | 9,738,000 | 19,036,000 | 28,722,000 | 38,438,000 |
| Interest expense | 4,941,000 | 9,334,000 | 13,785,000 | 18,196,000 |
| Net interest income | 4,797,000 | 9,702,000 | 14,937,000 | 20,242,000 |
| Noninterest income | 1,744,000 | 3,314,000 | 4,985,000 | 6,325,000 |
| Noninterest expense | 4,743,000 | 9,416,000 | 14,245,000 | 18,638,000 |
| Provision for loan losses | 352,000 | 707,000 | 1,202,000 | 2,084,000 |
| Pretax income | 1,596,000 | 3,043,000 | 4,625,000 | 5,995,000 |
| Income tax | 347,000 | 655,000 | 860,000 | 1,133,000 |
| Net income | 1,249,000 | 2,388,000 | 3,765,000 | 4,862,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,487,000 | 50,972,000 | 51,693,000 | 51,988,000 |
| Total capital | 54,701,000 | 54,921,000 | 55,593,000 | 56,488,000 |
| Risk-weighted assets | 500,024,000 | 521,145,000 | 540,353,000 | 544,263,000 |
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