Call reports 2008
FIRST STATE BANK OF MIDDLEBURY — 2008
What FIRST STATE BANK OF MIDDLEBURY 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 | 373,652,000 | 370,628,000 | 374,343,000 | 378,959,000 |
| Total loans | 288,810,000 | 289,898,000 | 290,902,000 | 295,708,000 |
| Allowance for loan losses | 2,784,000 | 3,083,000 | 3,698,000 | 3,867,000 |
| Securities available for sale | 30,185,000 | 30,389,000 | 31,607,000 | 26,091,000 |
| Securities held to maturity | 26,558,000 | 26,785,000 | 26,640,000 | 31,798,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 262,173,000 | 262,429,000 | 265,953,000 | 263,277,000 |
| Interest-bearing deposits | 228,563,000 | 228,532,000 | 232,596,000 | 235,037,000 |
| Noninterest-bearing deposits | 33,610,000 | 33,897,000 | 33,357,000 | 28,240,000 |
| Equity capital | 29,525,000 | 29,151,000 | 29,245,000 | 28,720,000 |
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 | 6,043,000 | 11,764,000 | 17,408,000 | 22,902,000 |
| Interest expense | 2,617,000 | 5,011,000 | 7,381,000 | 9,676,000 |
| Net interest income | 3,426,000 | 6,753,000 | 10,027,000 | 13,226,000 |
| Noninterest income | 810,000 | 1,640,000 | 2,436,000 | 3,119,000 |
| Noninterest expense | 2,874,000 | 5,694,000 | 8,446,000 | 11,196,000 |
| Provision for loan losses | 270,000 | 624,000 | 1,463,000 | 3,077,000 |
| Pretax income | 1,092,000 | 2,075,000 | 2,606,000 | 2,249,000 |
| Income tax | 284,000 | 528,000 | 613,000 | 390,000 |
| Net income | 808,000 | 1,547,000 | 1,993,000 | 1,859,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,075,000 | 29,414,000 | 29,362,000 | 28,831,000 |
| Total capital | 31,859,000 | 32,497,000 | 32,861,000 | 32,396,000 |
| Risk-weighted assets | 274,712,000 | 278,433,000 | 279,758,000 | 284,921,000 |