Call reports 2008
LONE SUMMIT BANK — 2008
What LONE SUMMIT 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 | 21,527,000 | 23,772,000 | 26,106,000 | 27,595,000 |
| Total loans | 18,275,000 | 19,851,000 | 21,792,000 | 21,531,000 |
| Allowance for loan losses | 184,000 | 194,000 | 220,000 | 410,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,245,000 | 20,578,000 | 22,951,000 | 24,654,000 |
| Interest-bearing deposits | 17,192,000 | 19,075,000 | 21,606,000 | 22,881,000 |
| Noninterest-bearing deposits | 1,053,000 | 1,503,000 | 1,345,000 | 1,773,000 |
| Equity capital | 3,176,000 | 3,085,000 | 3,035,000 | 2,817,000 |
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 | 334,000 | 670,000 | 1,025,000 | 1,378,000 |
| Interest expense | 179,000 | 352,000 | 515,000 | 697,000 |
| Net interest income | 155,000 | 318,000 | 510,000 | 681,000 |
| Noninterest income | 5,000 | 11,000 | 18,000 | 28,000 |
| Noninterest expense | 226,000 | 489,000 | 721,000 | 962,000 |
| Provision for loan losses | 0 | 10,000 | 36,000 | 226,000 |
| Pretax income | -66,000 | -170,000 | -229,000 | -479,000 |
| Income tax | -10,000 | -23,000 | -33,000 | -65,000 |
| Net income | -56,000 | -147,000 | -196,000 | -414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,988,000 | 2,885,000 | 2,825,000 | 2,574,000 |
| Total capital | 3,172,000 | 3,079,000 | 3,045,000 | 2,864,000 |
| Risk-weighted assets | 19,606,000 | 20,882,000 | 22,960,000 | 23,057,000 |