Call reports 2008
FIRSTBANK FINANCIAL SERVICES — 2008
What FIRSTBANK FINANCIAL SERVICES 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 | 432,154,000 | 394,540,000 | 354,393,000 | 317,237,000 |
| Total loans | 254,733,000 | 246,793,000 | 226,751,000 | 218,962,000 |
| Allowance for loan losses | 6,076,000 | 8,005,000 | 8,064,000 | 19,753,000 |
| Securities available for sale | 59,258,000 | 82,082,000 | 63,419,000 | 46,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 357,616,000 | 327,755,000 | 298,076,000 | 279,308,000 |
| Interest-bearing deposits | 354,619,000 | 323,881,000 | 294,539,000 | 277,316,000 |
| Noninterest-bearing deposits | 2,997,000 | 3,874,000 | 3,537,000 | 1,992,000 |
| Equity capital | 31,703,000 | 24,880,000 | 21,763,000 | 8,169,000 |
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 | 5,132,000 | 10,427,000 | 14,409,000 | 17,791,000 |
| Interest expense | 3,532,000 | 7,302,000 | 10,514,000 | 13,496,000 |
| Net interest income | 1,600,000 | 3,125,000 | 3,895,000 | 4,295,000 |
| Noninterest income | 102,000 | 309,000 | 178,000 | 454,000 |
| Noninterest expense | 1,744,000 | 3,605,000 | 6,032,000 | 8,306,000 |
| Provision for loan losses | 856,000 | 5,894,000 | 8,902,000 | 21,709,000 |
| Pretax income | -864,000 | -5,971,000 | -10,725,000 | -25,102,000 |
| Income tax | -394,000 | 38,000 | 56,000 | 70,000 |
| Net income | -470,000 | -6,009,000 | -10,781,000 | -25,172,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,852,000 | 25,388,000 | 22,222,000 | 7,940,000 |
| Total capital | 34,785,000 | 29,210,000 | 25,774,000 | 11,315,000 |
| Risk-weighted assets | 312,461,000 | 301,570,000 | 279,658,000 | 253,648,000 |
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