Call reports 2008
COLFAX BANKING COMPANY — 2008
What COLFAX BANKING COMPANY 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 | 69,084,000 | 70,321,000 | 68,867,000 | 70,811,000 |
| Total loans | 38,285,000 | 36,855,000 | 34,948,000 | 34,857,000 |
| Allowance for loan losses | 306,000 | 244,000 | 240,000 | 239,000 |
| Securities available for sale | 16,794,000 | 23,817,000 | 22,911,000 | 29,682,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,540,000 | 63,929,000 | 62,121,000 | 62,736,000 |
| Interest-bearing deposits | 46,663,000 | 47,498,000 | 46,757,000 | 48,573,000 |
| Noninterest-bearing deposits | 15,877,000 | 16,431,000 | 15,364,000 | 14,163,000 |
| Equity capital | 6,058,000 | 5,788,000 | 6,127,000 | 6,533,000 |
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 | 974,000 | 2,007,000 | 3,033,000 | 4,037,000 |
| Interest expense | 353,000 | 728,000 | 1,082,000 | 1,412,000 |
| Net interest income | 621,000 | 1,279,000 | 1,951,000 | 2,625,000 |
| Noninterest income | 138,000 | 255,000 | 387,000 | 575,000 |
| Noninterest expense | 677,000 | 1,252,000 | 1,875,000 | 2,545,000 |
| Provision for loan losses | 6,000 | 10,000 | 10,000 | 10,000 |
| Pretax income | 76,000 | 272,000 | 453,000 | 662,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 76,000 | 272,000 | 453,000 | 662,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,961,000 | 6,079,000 | 6,177,000 | 6,210,000 |
| Total capital | 6,267,000 | 6,323,000 | 6,417,000 | 6,449,000 |
| Risk-weighted assets | 38,270,000 | 38,702,000 | 36,463,000 | 36,417,000 |