Call reports 2008
MRV BANKS — 2008
What MRV BANKS 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 | 26,671,000 | 31,740,000 | 34,039,000 | 37,722,000 |
| Total loans | 7,606,000 | 11,738,000 | 12,857,000 | 20,424,000 |
| Allowance for loan losses | 90,000 | 162,000 | 173,000 | 276,000 |
| Securities available for sale | 11,400,000 | 11,558,000 | 12,380,000 | 11,976,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,084,000 | 24,378,000 | 26,635,000 | 28,271,000 |
| Interest-bearing deposits | 16,719,000 | 22,936,000 | 24,583,000 | 26,056,000 |
| Noninterest-bearing deposits | 2,366,000 | 1,442,000 | 2,053,000 | 2,215,000 |
| Equity capital | 7,507,000 | 7,276,000 | 7,307,000 | 7,245,000 |
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 | 290,000 | 621,000 | 1,008,000 | 1,422,000 |
| Interest expense | 135,000 | 307,000 | 510,000 | 699,000 |
| Net interest income | 155,000 | 314,000 | 498,000 | 723,000 |
| Noninterest income | 2,000 | 7,000 | 16,000 | 26,000 |
| Noninterest expense | 237,000 | 490,000 | 752,000 | 1,075,000 |
| Provision for loan losses | 15,000 | 87,000 | 98,000 | 201,000 |
| Pretax income | -95,000 | -256,000 | -336,000 | -527,000 |
| Income tax | -29,000 | -77,000 | -101,000 | -158,000 |
| Net income | -66,000 | -179,000 | -235,000 | -369,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,363,000 | 6,939,000 | 6,904,000 | 6,763,000 |
| Total capital | 7,453,000 | 7,101,000 | 7,077,000 | 7,039,000 |
| Risk-weighted assets | 13,165,000 | 17,535,000 | 19,169,000 | 26,078,000 |