Call reports 2008
HERITAGE FIRST BANK — 2008
What HERITAGE FIRST 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 | 41,820,000 | 42,289,000 | 46,298,000 | 52,262,000 |
| Total loans | 21,908,000 | 27,546,000 | 31,491,000 | 38,547,000 |
| Allowance for loan losses | 588,000 | 582,000 | 488,000 | 406,000 |
| Securities available for sale | 2,179,000 | 2,126,000 | 2,100,000 | 1,551,000 |
| Securities held to maturity | 3,531,000 | 2,876,000 | 2,740,000 | 2,638,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,498,000 | 38,339,000 | 42,624,000 | 48,732,000 |
| Interest-bearing deposits | 28,891,000 | 31,107,000 | 35,157,000 | 41,366,000 |
| Noninterest-bearing deposits | 8,607,000 | 7,232,000 | 7,467,000 | 7,366,000 |
| Equity capital | 4,209,000 | 3,849,000 | 3,562,000 | 3,489,000 |
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 | 531,000 | 1,110,000 | 1,735,000 | 2,417,000 |
| Interest expense | 290,000 | 551,000 | 800,000 | 1,063,000 |
| Net interest income | 241,000 | 559,000 | 935,000 | 1,354,000 |
| Noninterest income | 106,000 | 195,000 | 335,000 | 441,000 |
| Noninterest expense | 639,000 | 1,369,000 | 2,146,000 | 2,946,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 30,000 |
| Pretax income | -292,000 | -615,000 | -891,000 | -1,181,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -292,000 | -615,000 | -891,000 | -1,181,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,947,000 | 3,686,000 | 3,472,000 | 3,461,000 |
| Total capital | 4,302,000 | 4,068,000 | 3,907,000 | 3,867,000 |
| Risk-weighted assets | 28,177,000 | 30,397,000 | 34,785,000 | 40,118,000 |