Call reports 2008
BRIDGEWATER BANK — 2008
What BRIDGEWATER 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 | 264,270,000 | 277,251,000 | 296,202,000 | 319,295,000 |
| Total loans | 250,926,000 | 263,874,000 | 286,906,000 | 294,253,000 |
| Allowance for loan losses | 3,622,000 | 4,004,000 | 4,300,000 | 4,533,000 |
| Securities available for sale | 2,194,000 | 2,217,000 | 2,170,000 | 1,723,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 220,044,000 | 232,714,000 | 254,807,000 | 274,743,000 |
| Interest-bearing deposits | 204,203,000 | 208,729,000 | 226,220,000 | 240,261,000 |
| Noninterest-bearing deposits | 15,841,000 | 23,985,000 | 28,587,000 | 34,482,000 |
| Equity capital | 23,136,000 | 23,743,000 | 25,152,000 | 28,362,000 |
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 | 4,833,000 | 9,614,000 | 14,705,000 | 19,886,000 |
| Interest expense | 2,330,000 | 4,485,000 | 6,844,000 | 9,568,000 |
| Net interest income | 2,503,000 | 5,129,000 | 7,861,000 | 10,318,000 |
| Noninterest income | 39,000 | 79,000 | 121,000 | 174,000 |
| Noninterest expense | 1,096,000 | 2,238,000 | 3,411,000 | 4,390,000 |
| Provision for loan losses | 350,000 | 900,000 | 1,600,000 | 2,600,000 |
| Pretax income | 1,096,000 | 2,070,000 | 2,971,000 | 3,502,000 |
| Income tax | 448,000 | 830,000 | 1,190,000 | 1,264,000 |
| Net income | 648,000 | 1,240,000 | 1,781,000 | 2,238,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,486,000 | 23,005,000 | 25,288,000 | 28,754,000 |
| Total capital | 25,554,000 | 26,196,000 | 28,688,000 | 32,326,000 |
| Risk-weighted assets | 244,901,000 | 254,399,000 | 272,260,000 | 284,768,000 |