Call reports 2008
MIRAE BANK — 2008
What MIRAE 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 | 448,088,000 | 464,661,000 | 450,094,000 | 423,077,000 |
| Total loans | 371,560,000 | 377,811,000 | 377,827,000 | 357,920,000 |
| Allowance for loan losses | 6,092,000 | 7,791,000 | 9,202,000 | 18,222,000 |
| Securities available for sale | 48,236,000 | 48,167,000 | 38,298,000 | 55,137,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 353,444,000 | 388,035,000 | 368,703,000 | 336,952,000 |
| Interest-bearing deposits | 304,690,000 | 336,300,000 | 320,229,000 | 296,715,000 |
| Noninterest-bearing deposits | 48,754,000 | 51,734,000 | 48,474,000 | 40,237,000 |
| Equity capital | 47,085,000 | 45,825,000 | 42,408,000 | 21,749,000 |
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 | 7,750,000 | 14,923,000 | 22,044,000 | 28,247,000 |
| Interest expense | 3,738,000 | 7,188,000 | 10,652,000 | 14,151,000 |
| Net interest income | 4,012,000 | 7,735,000 | 11,392,000 | 14,096,000 |
| Noninterest income | 941,000 | 2,004,000 | 2,905,000 | 3,689,000 |
| Noninterest expense | 3,683,000 | 7,216,000 | 10,957,000 | 14,620,000 |
| Provision for loan losses | 1,309,000 | 4,117,000 | 9,761,000 | 35,521,000 |
| Pretax income | 62,000 | -1,463,000 | -6,230,000 | -32,159,000 |
| Income tax | 32,000 | -854,000 | -2,316,000 | -1,645,000 |
| Net income | 30,000 | -609,000 | -3,914,000 | -30,514,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,644,000 | 46,006,000 | 42,699,000 | 21,100,000 |
| Total capital | 51,698,000 | 51,172,000 | 47,837,000 | 25,660,000 |
| Risk-weighted assets | 403,188,000 | 410,543,000 | 406,814,000 | 351,006,000 |