Call reports 2008
BANKFIRST — 2008
What BANKFIRST 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 | 415,643,000 | 346,298,000 | 319,968,000 | 297,876,000 |
| Total loans | 318,664,000 | 298,785,000 | 252,568,000 | 229,294,000 |
| Allowance for loan losses | 35,811,000 | 77,122,000 | 56,539,000 | 42,555,000 |
| Securities available for sale | 71,900,000 | 63,227,000 | 25,981,000 | 40,981,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,430,000 | 300,440,000 | 277,330,000 | 259,989,000 |
| Interest-bearing deposits | 284,989,000 | 285,000,000 | 266,451,000 | 248,970,000 |
| Noninterest-bearing deposits | 22,441,000 | 15,440,000 | 10,879,000 | 11,019,000 |
| Equity capital | 97,447,000 | 42,032,000 | 35,824,000 | 31,628,000 |
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 | 5,257,000 | 8,306,000 | 11,123,000 | 13,684,000 |
| Interest expense | 3,085,000 | 5,447,000 | 7,710,000 | 9,762,000 |
| Net interest income | 2,172,000 | 2,859,000 | 3,413,000 | 3,922,000 |
| Noninterest income | 2,784,000 | 7,273,000 | 7,745,000 | 10,196,000 |
| Noninterest expense | 5,665,000 | 10,982,000 | 16,973,000 | 23,665,000 |
| Provision for loan losses | 13,133,000 | 63,133,000 | 63,129,000 | 63,129,000 |
| Pretax income | -13,835,000 | -68,284,000 | -77,467,000 | -81,199,000 |
| Income tax | 23,000 | 24,000 | 24,000 | 23,000 |
| Net income | -13,858,000 | -68,308,000 | -77,491,000 | -81,222,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 96,455,000 | 43,147,000 | 35,673,000 | 31,098,000 |
| Total capital | 101,253,000 | 47,635,000 | 39,729,000 | 34,804,000 |
| Risk-weighted assets | 352,799,000 | 286,381,000 | 272,005,000 | 257,636,000 |