Call reports 2008
RIVERS EDGE BANK — 2008
What RIVERS EDGE 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 | 66,936,000 | 64,769,000 | 63,190,000 | 63,556,000 |
| Total loans | 48,076,000 | 46,241,000 | 48,827,000 | 51,293,000 |
| Allowance for loan losses | 514,000 | 497,000 | 497,000 | 545,000 |
| Securities available for sale | 3,511,000 | 3,668,000 | 4,346,000 | 3,632,000 |
| Securities held to maturity | 1,114,000 | 1,093,000 | 1,091,000 | 1,089,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,911,000 | 55,693,000 | 53,927,000 | 54,874,000 |
| Interest-bearing deposits | 44,527,000 | 44,525,000 | 41,754,000 | 41,286,000 |
| Noninterest-bearing deposits | 13,384,000 | 11,168,000 | 12,173,000 | 13,588,000 |
| Equity capital | 6,313,000 | 6,442,000 | 6,583,000 | 6,669,000 |
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 | 1,028,000 | 1,979,000 | 2,920,000 | 3,836,000 |
| Interest expense | 315,000 | 592,000 | 845,000 | 1,063,000 |
| Net interest income | 713,000 | 1,387,000 | 2,075,000 | 2,773,000 |
| Noninterest income | 170,000 | 331,000 | 548,000 | 744,000 |
| Noninterest expense | 674,000 | 1,286,000 | 1,914,000 | 2,587,000 |
| Provision for loan losses | 0 | 0 | 0 | 53,000 |
| Pretax income | 209,000 | 432,000 | 709,000 | 877,000 |
| Income tax | 70,000 | 149,000 | 240,000 | 273,000 |
| Net income | 139,000 | 283,000 | 469,000 | 604,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,967,000 | 6,111,000 | 6,247,000 | 6,332,000 |
| Total capital | 6,481,000 | 6,608,000 | 6,744,000 | 6,877,000 |
| Risk-weighted assets | 52,077,000 | 50,320,000 | 52,206,000 | 54,081,000 |