Call reports 2008
SOFI BANK, NATIONAL ASSOCIATION — 2008
What SOFI 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 | 97,311,000 | 103,113,000 | 97,387,000 | 95,127,000 |
| Total loans | 75,773,000 | 77,824,000 | 75,874,000 | 72,267,000 |
| Allowance for loan losses | 1,587,000 | 1,476,000 | 3,026,000 | 2,848,000 |
| Securities available for sale | 3,341,000 | 2,636,000 | 1,007,000 | 927,000 |
| Securities held to maturity | 2,562,000 | 2,565,000 | 2,569,000 | 2,572,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,673,000 | 86,301,000 | 86,844,000 | 84,751,000 |
| Interest-bearing deposits | 59,125,000 | 58,358,000 | 58,119,000 | 54,892,000 |
| Noninterest-bearing deposits | 26,548,000 | 27,943,000 | 28,725,000 | 29,859,000 |
| Equity capital | 11,283,000 | 11,404,000 | 10,172,000 | 9,999,000 |
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 | 1,722,000 | 3,554,000 | 4,990,000 | 6,365,000 |
| Interest expense | 361,000 | 659,000 | 930,000 | 1,183,000 |
| Net interest income | 1,361,000 | 2,895,000 | 4,060,000 | 5,182,000 |
| Noninterest income | 305,000 | 628,000 | 1,100,000 | 1,404,000 |
| Noninterest expense | 1,682,000 | 3,187,000 | 4,938,000 | 6,733,000 |
| Provision for loan losses | 0 | 100,000 | 2,219,000 | 2,219,000 |
| Pretax income | -16,000 | 236,000 | -1,998,000 | -2,367,000 |
| Income tax | -21,000 | 75,000 | -915,000 | -1,103,000 |
| Net income | 5,000 | 161,000 | -1,083,000 | -1,264,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,250,000 | 11,402,000 | 10,169,000 | 9,987,000 |
| Total capital | 12,214,000 | 12,382,000 | 11,092,000 | 10,924,000 |
| Risk-weighted assets | 76,464,000 | 78,117,000 | 71,752,000 | 72,991,000 |