Call reports 2005
WEST POINT BANK — 2005
What WEST POINT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 90,138,000 | 103,233,000 | 105,285,000 | 107,407,000 |
| Total loans | 53,059,000 | 57,559,000 | 62,505,000 | 68,524,000 |
| Allowance for loan losses | 79,000 | 127,000 | 112,000 | 138,000 |
| Securities available for sale | 31,170,000 | 37,211,000 | 34,698,000 | 33,054,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,808,000 | 74,989,000 | 78,593,000 | 74,847,000 |
| Interest-bearing deposits | 46,480,000 | 60,513,000 | 64,004,000 | 58,248,000 |
| Noninterest-bearing deposits | 13,328,000 | 14,476,000 | 14,589,000 | 16,599,000 |
| Equity capital | 8,480,000 | 8,778,000 | 8,934,000 | 9,137,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,187,000 | 2,469,000 | 3,863,000 | 5,393,000 |
| Interest expense | 334,000 | 792,000 | 1,452,000 | 2,117,000 |
| Net interest income | 853,000 | 1,677,000 | 2,411,000 | 3,276,000 |
| Noninterest income | 89,000 | 187,000 | 308,000 | 413,000 |
| Noninterest expense | 465,000 | 979,000 | 1,547,000 | 2,094,000 |
| Provision for loan losses | 0 | 50,000 | 62,000 | 104,000 |
| Pretax income | 477,000 | 835,000 | 1,110,000 | 1,491,000 |
| Income tax | 171,000 | 290,000 | 390,000 | 517,000 |
| Net income | 306,000 | 545,000 | 720,000 | 974,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,667,000 | 8,910,000 | 9,090,000 | 9,348,000 |
| Total capital | 8,746,000 | 9,037,000 | 9,202,000 | 9,486,000 |
| Risk-weighted assets | 43,420,000 | 49,116,000 | 52,437,000 | 57,080,000 |