Call reports 2008
COMMENCEMENT BANK — 2008
What COMMENCEMENT 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 | 73,453,000 | 69,672,000 | 80,240,000 | 85,104,000 |
| Total loans | 53,172,000 | 61,322,000 | 63,891,000 | 64,755,000 |
| Allowance for loan losses | 798,000 | 920,000 | 968,000 | 972,000 |
| Securities available for sale | 3,950,000 | 3,762,000 | 11,038,000 | 5,879,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,781,000 | 47,649,000 | 55,751,000 | 60,168,000 |
| Interest-bearing deposits | 46,095,000 | 42,513,000 | 50,051,000 | 53,587,000 |
| Noninterest-bearing deposits | 4,686,000 | 5,136,000 | 5,700,000 | 6,581,000 |
| Equity capital | 20,197,000 | 19,823,000 | 19,762,000 | 19,467,000 |
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 | 1,007,000 | 1,927,000 | 2,945,000 | 3,887,000 |
| Interest expense | 461,000 | 851,000 | 1,244,000 | 1,661,000 |
| Net interest income | 546,000 | 1,076,000 | 1,701,000 | 2,226,000 |
| Noninterest income | 17,000 | 37,000 | 62,000 | 88,000 |
| Noninterest expense | 696,000 | 1,431,000 | 2,180,000 | 2,904,000 |
| Provision for loan losses | 113,000 | 235,000 | 283,000 | 287,000 |
| Pretax income | -246,000 | -553,000 | -700,000 | -1,029,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -246,000 | -553,000 | -700,000 | -1,029,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,023,000 | 19,763,000 | 19,662,000 | 19,376,000 |
| Total capital | 20,821,000 | 20,683,000 | 20,630,000 | 20,348,000 |
| Risk-weighted assets | 65,866,000 | 74,292,000 | 80,221,000 | 77,727,000 |