Call reports 2008
FIRST NATIONAL BANK, CORTEZ — 2008
What FIRST NATIONAL BANK, CORTEZ 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 | 73,630,000 | 74,815,000 | 73,264,000 | 70,173,000 |
| Total loans | 26,078,000 | 26,369,000 | 26,437,000 | 29,514,000 |
| Allowance for loan losses | 287,000 | 303,000 | 303,000 | 369,000 |
| Securities available for sale | 42,695,000 | 42,568,000 | 42,273,000 | 36,708,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,708,000 | 59,445,000 | 56,938,000 | 55,623,000 |
| Interest-bearing deposits | 43,802,000 | 44,564,000 | 42,909,000 | 42,254,000 |
| Noninterest-bearing deposits | 15,906,000 | 14,881,000 | 14,029,000 | 13,369,000 |
| Equity capital | 7,075,000 | 6,567,000 | 6,509,000 | 6,830,000 |
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 | 973,000 | 1,927,000 | 2,862,000 | 3,949,000 |
| Interest expense | 322,000 | 572,000 | 789,000 | 1,050,000 |
| Net interest income | 651,000 | 1,355,000 | 2,073,000 | 2,899,000 |
| Noninterest income | 160,000 | 314,000 | 496,000 | 588,000 |
| Noninterest expense | 609,000 | 1,251,000 | 1,927,000 | 2,567,000 |
| Provision for loan losses | -1,000 | 30,000 | 36,000 | 112,000 |
| Pretax income | 217,000 | 505,000 | -1,544,000 | -1,477,000 |
| Income tax | 26,000 | 111,000 | -791,000 | -703,000 |
| Net income | 191,000 | 394,000 | -753,000 | -774,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,129,000 | 6,342,000 | 6,358,000 | 6,336,000 |
| Total capital | 6,416,000 | 6,645,000 | 6,661,000 | 6,705,000 |
| Risk-weighted assets | 32,705,000 | 33,382,000 | 32,433,000 | 32,053,000 |