Call reports 2007
COMMENCEMENT BANK — 2007
What COMMENCEMENT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 26,000,000 | 63,588,000 | 67,239,000 | 65,093,000 |
| Total loans | 16,508,000 | 27,133,000 | 38,161,000 | 45,600,000 |
| Allowance for loan losses | 248,000 | 408,000 | 573,000 | 685,000 |
| Securities available for sale | 0 | 2,945,000 | 2,913,000 | 3,932,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,074,000 | 42,813,000 | 46,357,000 | 44,635,000 |
| Interest-bearing deposits | 3,186,000 | 39,545,000 | 41,672,000 | 39,091,000 |
| Noninterest-bearing deposits | 1,888,000 | 3,268,000 | 4,686,000 | 5,544,000 |
| Equity capital | 20,884,000 | 20,635,000 | 20,452,000 | 20,266,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 328,000 | 1,139,000 | 2,217,000 | 3,333,000 |
| Interest expense | 18,000 | 360,000 | 868,000 | 1,365,000 |
| Net interest income | 310,000 | 779,000 | 1,349,000 | 1,968,000 |
| Noninterest income | 1,000 | 11,000 | 23,000 | 35,000 |
| Noninterest expense | 578,000 | 1,200,000 | 1,877,000 | 2,664,000 |
| Provision for loan losses | 240,000 | 400,000 | 565,000 | 702,000 |
| Pretax income | -507,000 | -810,000 | -1,070,000 | -1,363,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -507,000 | -810,000 | -1,070,000 | -1,363,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,884,000 | 20,628,000 | 20,415,000 | 20,178,000 |
| Total capital | 21,127,000 | 21,036,000 | 20,988,000 | 20,863,000 |
| Risk-weighted assets | 19,464,000 | 41,598,000 | 52,804,000 | 56,757,000 |