Call reports 2008
PLATINUM BANK — 2008
What PLATINUM 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 | 91,686,000 | 101,642,000 | 99,586,000 | 103,519,000 |
| Total loans | 69,877,000 | 72,219,000 | 78,831,000 | 79,295,000 |
| Allowance for loan losses | 675,000 | 708,000 | 1,112,000 | 1,112,000 |
| Securities available for sale | 5,687,000 | 4,159,000 | 4,882,000 | 6,143,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,211,000 | 84,209,000 | 82,286,000 | 82,066,000 |
| Interest-bearing deposits | 70,064,000 | 79,914,000 | 78,304,000 | 77,918,000 |
| Noninterest-bearing deposits | 4,147,000 | 4,295,000 | 3,982,000 | 4,147,000 |
| Equity capital | 17,193,000 | 17,089,000 | 16,862,000 | 17,081,000 |
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 | 1,530,000 | 2,926,000 | 4,417,000 | 5,928,000 |
| Interest expense | 776,000 | 1,533,000 | 2,323,000 | 3,021,000 |
| Net interest income | 754,000 | 1,393,000 | 2,094,000 | 2,907,000 |
| Noninterest income | 29,000 | 64,000 | 88,000 | 115,000 |
| Noninterest expense | 563,000 | 1,180,000 | 1,807,000 | 2,498,000 |
| Provision for loan losses | 60,000 | 90,000 | 495,000 | 495,000 |
| Pretax income | 160,000 | 218,000 | -89,000 | 60,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 160,000 | 218,000 | -89,000 | 60,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,135,000 | 11,245,000 | 10,991,000 | 11,206,000 |
| Total capital | 11,810,000 | 11,953,000 | 11,987,000 | 12,217,000 |
| Risk-weighted assets | 67,035,000 | 74,279,000 | 78,824,000 | 80,026,000 |