Call reports 2008
NORTHERN SKY BANK — 2008
What NORTHERN SKY 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 | 45,615,000 | 44,808,000 | 45,769,000 | 50,470,000 |
| Total loans | 23,243,000 | 24,212,000 | 26,574,000 | 26,787,000 |
| Allowance for loan losses | 211,000 | 218,000 | 224,000 | 228,000 |
| Securities available for sale | 7,799,000 | 9,863,000 | 8,944,000 | 11,270,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,701,000 | 40,968,000 | 41,840,000 | 46,301,000 |
| Interest-bearing deposits | 35,586,000 | 36,098,000 | 35,976,000 | 37,441,000 |
| Noninterest-bearing deposits | 6,115,000 | 4,870,000 | 5,864,000 | 8,860,000 |
| Equity capital | 3,603,000 | 3,530,000 | 3,670,000 | 3,967,000 |
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 | 1,221,000 | 1,796,000 | 2,395,000 |
| Interest expense | 251,000 | 478,000 | 684,000 | 877,000 |
| Net interest income | 398,000 | 743,000 | 1,112,000 | 1,518,000 |
| Noninterest income | 42,000 | 86,000 | 124,000 | 164,000 |
| Noninterest expense | 256,000 | 487,000 | 737,000 | 1,027,000 |
| Provision for loan losses | 0 | 8,000 | 14,000 | 38,000 |
| Pretax income | 184,000 | 334,000 | 485,000 | 617,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 184,000 | 334,000 | 485,000 | 617,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,519,000 | 3,587,000 | 3,658,000 | 3,789,000 |
| Total capital | 3,730,000 | 3,805,000 | 3,882,000 | 4,017,000 |
| Risk-weighted assets | 27,068,000 | 27,679,000 | 29,739,000 | 30,346,000 |