Call reports 2008
FIRST BANK OF THE PALM BEACHES — 2008
What FIRST BANK OF THE PALM BEACHES 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 | 74,000,000 | 68,430,000 | 80,960,000 | 90,203,000 |
| Total loans | 52,744,000 | 64,024,000 | 68,479,000 | 71,745,000 |
| Allowance for loan losses | 628,000 | 733,000 | 797,000 | 1,014,000 |
| Securities available for sale | 7,942,000 | 2,714,000 | 2,615,000 | 2,554,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,290,000 | 56,796,000 | 64,657,000 | 74,051,000 |
| Interest-bearing deposits | 52,803,000 | 48,367,000 | 59,200,000 | 66,358,000 |
| Noninterest-bearing deposits | 9,487,000 | 8,429,000 | 5,457,000 | 7,693,000 |
| Equity capital | 11,534,000 | 11,299,000 | 11,149,000 | 10,872,000 |
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 | 1,081,000 | 2,113,000 | 3,232,000 | 4,397,000 |
| Interest expense | 383,000 | 702,000 | 1,191,000 | 1,760,000 |
| Net interest income | 698,000 | 1,411,000 | 2,041,000 | 2,637,000 |
| Noninterest income | 8,000 | 16,000 | 26,000 | 39,000 |
| Noninterest expense | 728,000 | 1,542,000 | 2,326,000 | 3,076,000 |
| Provision for loan losses | 0 | 105,000 | 169,000 | 386,000 |
| Pretax income | -22,000 | -220,000 | -428,000 | -786,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -22,000 | -220,000 | -428,000 | -786,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,466,000 | 11,289,000 | 11,112,000 | 10,785,000 |
| Total capital | 12,094,000 | 12,022,000 | 11,909,000 | 11,756,000 |
| Risk-weighted assets | 66,456,000 | 69,444,000 | 75,052,000 | 77,621,000 |