Call reports 2008
PINELAND STATE BANK — 2008
What PINELAND STATE 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 | 70,596,000 | 67,870,000 | 66,867,000 | 66,873,000 |
| Total loans | 52,078,000 | 51,928,000 | 50,735,000 | 49,237,000 |
| Allowance for loan losses | 794,000 | 814,000 | 813,000 | 1,018,000 |
| Securities available for sale | 5,443,000 | 6,673,000 | 6,788,000 | 6,287,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,265,000 | 56,693,000 | 56,146,000 | 56,650,000 |
| Interest-bearing deposits | 53,649,000 | 51,575,000 | 51,452,000 | 51,634,000 |
| Noninterest-bearing deposits | 5,616,000 | 5,118,000 | 4,694,000 | 5,016,000 |
| Equity capital | 8,315,000 | 8,380,000 | 8,049,000 | 7,717,000 |
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 | 1,289,000 | 2,441,000 | 3,497,000 | 4,467,000 |
| Interest expense | 565,000 | 1,044,000 | 1,487,000 | 1,911,000 |
| Net interest income | 724,000 | 1,397,000 | 2,010,000 | 2,556,000 |
| Noninterest income | 158,000 | 309,000 | 464,000 | 616,000 |
| Noninterest expense | 611,000 | 1,207,000 | 1,804,000 | 2,335,000 |
| Provision for loan losses | 33,000 | 57,000 | 198,000 | 498,000 |
| Pretax income | 243,000 | 447,000 | 477,000 | 344,000 |
| Income tax | 85,000 | 144,000 | 151,000 | 84,000 |
| Net income | 158,000 | 303,000 | 326,000 | 260,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,828,000 | 8,019,000 | 7,688,000 | 7,384,000 |
| Total capital | 8,502,000 | 8,690,000 | 8,347,000 | 8,033,000 |
| Risk-weighted assets | 53,779,000 | 53,553,000 | 52,548,000 | 51,568,000 |