Call reports 2008
FIRST SOUND BANK — 2008
What FIRST SOUND 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 | 254,948,000 | 266,555,000 | 266,958,000 | 259,383,000 |
| Total loans | 209,979,000 | 212,150,000 | 218,120,000 | 217,063,000 |
| Allowance for loan losses | 2,262,000 | 2,942,000 | 3,043,000 | 8,045,000 |
| Securities available for sale | 3,258,000 | 3,008,000 | 2,877,000 | 2,818,000 |
| Securities held to maturity | 600,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,201,000 | 204,167,000 | 201,335,000 | 204,196,000 |
| Interest-bearing deposits | 153,148,000 | 171,687,000 | 169,614,000 | 169,958,000 |
| Noninterest-bearing deposits | 30,053,000 | 32,480,000 | 31,721,000 | 34,238,000 |
| Equity capital | 37,624,000 | 38,318,000 | 38,604,000 | 24,786,000 |
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 | 3,506,000 | 8,113,000 | 12,645,000 | 16,140,000 |
| Interest expense | 1,196,000 | 2,564,000 | 3,951,000 | 5,062,000 |
| Net interest income | 2,310,000 | 5,549,000 | 8,694,000 | 11,078,000 |
| Noninterest income | 1,577,000 | 4,662,000 | 6,387,000 | 4,831,000 |
| Noninterest expense | 2,287,000 | 6,841,000 | 10,774,000 | 21,573,000 |
| Provision for loan losses | 740,000 | 1,580,000 | 2,271,000 | 8,195,000 |
| Pretax income | 860,000 | 1,790,000 | 2,036,000 | -13,859,000 |
| Income tax | 273,000 | 592,000 | 687,000 | 0 |
| Net income | 587,000 | 1,198,000 | 1,349,000 | -20,095,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,772,000 | 29,399,000 | 29,264,000 | 24,326,000 |
| Total capital | 31,034,000 | 32,341,000 | 32,307,000 | 27,424,000 |
| Risk-weighted assets | 241,664,000 | 248,084,000 | 247,330,000 | 242,881,000 |