Call reports 2008
MER ROUGE STATE BANK, THE — 2008
What MER ROUGE STATE BANK, THE 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 | 37,237,000 | 41,177,000 | 38,533,000 | 39,788,000 |
| Total loans | 15,594,000 | 24,183,000 | 22,044,000 | 17,934,000 |
| Allowance for loan losses | 260,000 | 281,000 | 281,000 | 282,000 |
| Securities available for sale | 9,282,000 | 8,760,000 | 8,337,000 | 9,776,000 |
| Securities held to maturity | 1,669,000 | 1,470,000 | 1,370,000 | 1,370,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,433,000 | 36,405,000 | 33,586,000 | 35,104,000 |
| Interest-bearing deposits | 25,581,000 | 26,394,000 | 25,439,000 | 27,090,000 |
| Noninterest-bearing deposits | 6,852,000 | 10,011,000 | 8,147,000 | 8,014,000 |
| Equity capital | 4,611,000 | 4,600,000 | 4,734,000 | 4,584,000 |
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 | 499,000 | 1,047,000 | 1,600,000 | 2,104,000 |
| Interest expense | 197,000 | 373,000 | 530,000 | 677,000 |
| Net interest income | 302,000 | 674,000 | 1,070,000 | 1,427,000 |
| Noninterest income | 51,000 | 116,000 | 159,000 | 202,000 |
| Noninterest expense | 284,000 | 570,000 | 864,000 | 1,200,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 69,000 | 222,000 | 367,000 | 431,000 |
| Income tax | 15,000 | 51,000 | 86,000 | 108,000 |
| Net income | 54,000 | 171,000 | 281,000 | 323,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,583,000 | 4,699,000 | 4,810,000 | 4,582,000 |
| Total capital | 4,831,000 | 4,980,000 | 5,091,000 | 4,856,000 |
| Risk-weighted assets | 19,837,000 | 27,427,000 | 25,062,000 | 21,876,000 |