Call reports 2008
SOLUTIONSBANK — 2008
What SOLUTIONSBANK 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 | 393,272,000 | 453,016,000 | 474,812,000 | 506,162,000 |
| Total loans | 353,042,000 | 405,248,000 | 421,202,000 | 443,398,000 |
| Allowance for loan losses | 3,921,000 | 4,556,000 | 5,757,000 | 6,103,000 |
| Securities available for sale | 14,003,000 | 13,356,000 | 17,727,000 | 17,064,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 302,451,000 | 335,635,000 | 348,621,000 | 379,212,000 |
| Interest-bearing deposits | 280,422,000 | 309,561,000 | 325,087,000 | 356,928,000 |
| Noninterest-bearing deposits | 22,029,000 | 26,074,000 | 23,534,000 | 22,284,000 |
| Equity capital | 35,279,000 | 41,051,000 | 38,152,000 | 42,158,000 |
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 | 6,483,000 | 12,810,000 | 19,692,000 | 26,652,000 |
| Interest expense | 3,241,000 | 6,360,000 | 9,725,000 | 13,472,000 |
| Net interest income | 3,242,000 | 6,450,000 | 9,967,000 | 13,180,000 |
| Noninterest income | 343,000 | 760,000 | 1,162,000 | 7,395,000 |
| Noninterest expense | 2,563,000 | 5,348,000 | 8,245,000 | 10,988,000 |
| Provision for loan losses | 363,000 | 994,000 | 7,692,000 | 8,738,000 |
| Pretax income | 717,000 | 929,000 | -4,747,000 | 910,000 |
| Income tax | 256,000 | 328,000 | -1,720,000 | 314,000 |
| Net income | 461,000 | 601,000 | -3,027,000 | 596,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,747,000 | 37,723,000 | 34,786,000 | 39,343,000 |
| Total capital | 35,883,000 | 42,469,000 | 40,093,000 | 44,877,000 |
| Risk-weighted assets | 354,125,000 | 402,759,000 | 424,092,000 | 442,189,000 |