Call reports 2008
CONNECTIONS BANK — 2008
What CONNECTIONS BANK 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 | 24,476,000 | 22,151,000 | 20,864,000 | 21,772,000 |
| Total loans | 14,089,000 | 14,375,000 | 15,617,000 | 16,720,000 |
| Allowance for loan losses | 158,000 | 165,000 | 169,000 | 168,000 |
| Securities available for sale | 4,151,000 | 3,218,000 | 2,106,000 | 1,653,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,684,000 | 19,446,000 | 18,184,000 | 18,547,000 |
| Interest-bearing deposits | 19,467,000 | 17,517,000 | 16,823,000 | 17,093,000 |
| Noninterest-bearing deposits | 2,216,000 | 1,929,000 | 1,361,000 | 1,454,000 |
| Equity capital | 2,642,000 | 2,588,000 | 2,538,000 | 2,463,000 |
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 | 345,000 | 676,000 | 985,000 | 1,298,000 |
| Interest expense | 188,000 | 349,000 | 488,000 | 627,000 |
| Net interest income | 157,000 | 327,000 | 497,000 | 671,000 |
| Noninterest income | 18,000 | 40,000 | 63,000 | 86,000 |
| Noninterest expense | 203,000 | 431,000 | 648,000 | 923,000 |
| Provision for loan losses | 0 | 8,000 | 11,000 | 11,000 |
| Pretax income | -28,000 | -72,000 | -99,000 | -177,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -28,000 | -72,000 | -99,000 | -177,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,601,000 | 2,559,000 | 2,530,000 | 2,452,000 |
| Total capital | 2,759,000 | 2,724,000 | 2,699,000 | 2,621,000 |
| Risk-weighted assets | 15,252,000 | 14,854,000 | 15,689,000 | 16,244,000 |