Call reports 2007
FIRST AVENUE NATIONAL BANK — 2007
What FIRST AVENUE NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 19,488,000 | 23,350,000 | 28,371,000 | 36,912,000 |
| Total loans | 5,893,000 | 10,169,000 | 16,631,000 | 26,398,000 |
| Allowance for loan losses | 74,000 | 127,000 | 211,000 | 323,000 |
| Securities available for sale | 5,287,000 | 5,096,000 | 5,918,000 | 4,615,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,393,000 | 9,400,000 | 14,430,000 | 18,073,000 |
| Interest-bearing deposits | 5,163,000 | 7,686,000 | 11,704,000 | 14,980,000 |
| Noninterest-bearing deposits | 1,230,000 | 1,714,000 | 2,726,000 | 3,093,000 |
| Equity capital | 12,328,000 | 12,188,000 | 12,126,000 | 12,048,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 232,000 | 550,000 | 955,000 | 1,479,000 |
| Interest expense | 50,000 | 139,000 | 276,000 | 459,000 |
| Net interest income | 182,000 | 411,000 | 679,000 | 1,020,000 |
| Noninterest income | 3,000 | 22,000 | 36,000 | 59,000 |
| Noninterest expense | 362,000 | 763,000 | 1,158,000 | 1,569,000 |
| Provision for loan losses | 58,000 | 111,000 | 195,000 | 320,000 |
| Pretax income | -235,000 | -441,000 | -638,000 | -810,000 |
| Income tax | -85,000 | -154,000 | -219,000 | -275,000 |
| Net income | -150,000 | -287,000 | -419,000 | -535,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,902,000 | 11,709,000 | 11,568,000 | 11,433,000 |
| Total capital | 11,976,000 | 11,836,000 | 11,779,000 | 11,756,000 |
| Risk-weighted assets | 11,935,000 | 16,722,000 | 24,759,000 | 36,575,000 |