Call reports 2008
CHARTER BANK — 2008
What CHARTER 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 | 19,595,000 | 28,763,000 | 37,082,000 | 51,103,000 |
| Total loans | 7,232,000 | 16,379,000 | 29,319,000 | 37,250,000 |
| Allowance for loan losses | 0 | 203,000 | 398,000 | 557,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,360,000 | 13,269,000 | 22,116,000 | 35,655,000 |
| Interest-bearing deposits | 2,236,000 | 11,783,000 | 18,687,000 | 33,398,000 |
| Noninterest-bearing deposits | 1,124,000 | 1,486,000 | 3,429,000 | 2,257,000 |
| Equity capital | 16,233,000 | 15,442,000 | 14,864,000 | 14,192,000 |
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 | 586,000 | 949,000 | 1,427,000 |
| Interest expense | 4,000 | 59,000 | 151,000 | 333,000 |
| Net interest income | 341,000 | 527,000 | 798,000 | 1,094,000 |
| Noninterest income | 1,000 | 1,000 | 6,000 | 14,000 |
| Noninterest expense | 923,000 | 1,697,000 | 2,370,000 | 3,191,000 |
| Provision for loan losses | 0 | 203,000 | 398,000 | 557,000 |
| Pretax income | -581,000 | -1,372,000 | -1,964,000 | -2,640,000 |
| Income tax | 0 | 0 | 11,000 | 12,000 |
| Net income | -581,000 | -1,372,000 | -1,975,000 | -2,652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,233,000 | 15,442,000 | 14,864,000 | 14,192,000 |
| Total capital | 16,233,000 | 15,645,000 | 15,262,000 | 14,743,000 |
| Risk-weighted assets | 9,843,000 | 17,840,000 | 34,109,000 | 44,134,000 |