Call reports 2008
SMARTBANK — 2008
What SMARTBANK 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 | 178,593,000 | 204,807,000 | 217,265,000 | 227,795,000 |
| Total loans | 142,992,000 | 159,582,000 | 175,532,000 | 184,681,000 |
| Allowance for loan losses | 1,787,000 | 1,995,000 | 2,194,000 | 2,308,000 |
| Securities available for sale | 28,580,000 | 32,209,000 | 28,592,000 | 29,796,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,166,000 | 163,427,000 | 176,130,000 | 188,941,000 |
| Interest-bearing deposits | 146,836,000 | 137,990,000 | 150,677,000 | 177,710,000 |
| Noninterest-bearing deposits | 9,330,000 | 25,437,000 | 25,453,000 | 11,231,000 |
| Equity capital | 16,665,000 | 19,894,000 | 23,899,000 | 24,453,000 |
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 | 2,509,000 | 5,159,000 | 8,116,000 | 11,191,000 |
| Interest expense | 1,414,000 | 2,815,000 | 4,263,000 | 5,707,000 |
| Net interest income | 1,095,000 | 2,344,000 | 3,853,000 | 5,484,000 |
| Noninterest income | 46,000 | 107,000 | 201,000 | 310,000 |
| Noninterest expense | 1,111,000 | 2,320,000 | 3,679,000 | 5,155,000 |
| Provision for loan losses | 210,000 | 418,000 | 617,000 | 732,000 |
| Pretax income | -180,000 | -287,000 | -242,000 | -93,000 |
| Income tax | 40,000 | 50,000 | 66,000 | 0 |
| Net income | -220,000 | -337,000 | -308,000 | -93,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,604,000 | 20,347,000 | 23,920,000 | 24,285,000 |
| Total capital | 18,391,000 | 22,342,000 | 26,114,000 | 26,594,000 |
| Risk-weighted assets | 153,212,000 | 171,375,000 | 185,393,000 | 194,173,000 |