Call reports 2008
WATERFORD COMMERCIAL AND SAVINGS BANK, THE — 2008
What WATERFORD COMMERCIAL AND SAVINGS BANK, THE 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 | 31,708,000 | 31,449,000 | 32,627,000 | 31,681,000 |
| Total loans | 25,274,000 | 24,977,000 | 25,220,000 | 25,442,000 |
| Allowance for loan losses | 113,000 | 129,000 | 143,000 | 156,000 |
| Securities available for sale | 1,337,000 | 1,515,000 | 1,506,000 | 1,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,520,000 | 27,202,000 | 28,331,000 | 27,308,000 |
| Interest-bearing deposits | 23,582,000 | 22,998,000 | 23,978,000 | 22,049,000 |
| Noninterest-bearing deposits | 3,938,000 | 4,204,000 | 4,353,000 | 5,259,000 |
| Equity capital | 4,005,000 | 4,058,000 | 4,085,000 | 4,120,000 |
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 | 537,000 | 1,062,000 | 1,585,000 | 2,097,000 |
| Interest expense | 177,000 | 341,000 | 487,000 | 619,000 |
| Net interest income | 360,000 | 721,000 | 1,098,000 | 1,478,000 |
| Noninterest income | 74,000 | 147,000 | 219,000 | 287,000 |
| Noninterest expense | 369,000 | 704,000 | 1,050,000 | 1,413,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 50,000 | 134,000 | 222,000 | 292,000 |
| Income tax | 6,000 | 30,000 | 61,000 | 87,000 |
| Net income | 44,000 | 104,000 | 161,000 | 205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,966,000 | 4,026,000 | 4,059,000 | 4,078,000 |
| Total capital | 4,079,000 | 4,155,000 | 4,202,000 | 4,234,000 |
| Risk-weighted assets | 21,070,000 | 20,888,000 | 21,147,000 | 20,713,000 |