Call reports 2008
MT WASHINGTON CO-OPERATIVE BANK — 2008
What MT WASHINGTON CO-OPERATIVE 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 | 522,448,000 | 564,602,000 | 560,110,000 | 539,687,000 |
| Total loans | 349,372,000 | 391,890,000 | 397,158,000 | 386,307,000 |
| Allowance for loan losses | 2,852,000 | 3,188,000 | 5,833,000 | 3,323,000 |
| Securities available for sale | 94,684,000 | 87,925,000 | 82,650,000 | 71,938,000 |
| Securities held to maturity | 32,884,000 | 32,870,000 | 30,003,000 | 30,103,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 350,155,000 | 375,629,000 | 392,289,000 | 371,647,000 |
| Interest-bearing deposits | 317,615,000 | 341,421,000 | 357,577,000 | 338,864,000 |
| Noninterest-bearing deposits | 32,540,000 | 34,208,000 | 34,712,000 | 32,783,000 |
| Equity capital | 36,491,000 | 37,445,000 | 32,364,000 | 31,356,000 |
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 | 7,698,000 | 16,407,000 | 24,180,000 | 31,731,000 |
| Interest expense | 3,902,000 | 7,828,000 | 11,081,000 | 14,287,000 |
| Net interest income | 3,796,000 | 8,579,000 | 13,099,000 | 17,444,000 |
| Noninterest income | 937,000 | 1,913,000 | 2,824,000 | 3,663,000 |
| Noninterest expense | 4,018,000 | 10,265,000 | 15,020,000 | 19,401,000 |
| Provision for loan losses | 105,000 | 381,000 | 3,087,000 | 3,801,000 |
| Pretax income | 618,000 | 12,000 | -5,005,000 | -6,223,000 |
| Income tax | 167,000 | 78,000 | -1,784,000 | -2,122,000 |
| Net income | 451,000 | -66,000 | -3,221,000 | -4,101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,571,000 | 39,937,000 | 36,652,000 | 35,835,000 |
| Total capital | 40,423,000 | 43,125,000 | 41,406,000 | 39,158,000 |
| Risk-weighted assets | 351,372,000 | 381,372,000 | 379,224,000 | 397,386,000 |