Call reports 2008
FIRST BANK OF GREENWICH, THE — 2008
What FIRST BANK OF GREENWICH, 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 | 36,468,000 | 42,503,000 | 40,046,000 | 44,832,000 |
| Total loans | 20,013,000 | 21,500,000 | 22,510,000 | 26,812,000 |
| Allowance for loan losses | 238,000 | 275,000 | 310,000 | 385,000 |
| Securities available for sale | 9,807,000 | 6,291,000 | 10,709,000 | 15,103,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,236,000 | 34,880,000 | 30,951,000 | 37,666,000 |
| Interest-bearing deposits | 21,303,000 | 25,418,000 | 24,501,000 | 29,703,000 |
| Noninterest-bearing deposits | 6,933,000 | 9,462,000 | 6,450,000 | 7,963,000 |
| Equity capital | 7,847,000 | 7,203,000 | 6,665,000 | 5,767,000 |
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 | 649,000 | 1,098,000 | 1,573,000 | 2,092,000 |
| Interest expense | 327,000 | 487,000 | 657,000 | 878,000 |
| Net interest income | 322,000 | 611,000 | 916,000 | 1,214,000 |
| Noninterest income | 3,000 | 8,000 | 14,000 | 22,000 |
| Noninterest expense | 922,000 | 1,815,000 | 2,595,000 | 3,845,000 |
| Provision for loan losses | 34,000 | 64,000 | 99,000 | 174,000 |
| Pretax income | -631,000 | -1,264,000 | -1,768,000 | -2,787,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -631,000 | -1,264,000 | -1,768,000 | -2,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,810,000 | 7,177,000 | 6,672,000 | 5,654,000 |
| Total capital | 8,048,000 | 7,452,000 | 6,982,000 | 6,039,000 |
| Risk-weighted assets | 25,397,000 | 27,273,000 | 29,007,000 | 32,378,000 |