Call reports 2006
WEST POINT BANK — 2006
What WEST POINT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 106,824,000 | 109,175,000 | 114,143,000 | 114,679,000 |
| Total loans | 71,506,000 | 73,799,000 | 75,735,000 | 74,910,000 |
| Allowance for loan losses | 138,000 | 137,000 | 137,000 | 138,000 |
| Securities available for sale | 28,115,000 | 27,120,000 | 32,126,000 | 33,859,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,190,000 | 76,000,000 | 80,732,000 | 76,085,000 |
| Interest-bearing deposits | 58,329,000 | 61,473,000 | 63,337,000 | 63,600,000 |
| Noninterest-bearing deposits | 17,861,000 | 14,527,000 | 17,395,000 | 12,485,000 |
| Equity capital | 9,399,000 | 9,679,000 | 10,032,000 | 10,354,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,546,000 | 3,140,000 | 4,883,000 | 6,740,000 |
| Interest expense | 696,000 | 1,478,000 | 2,384,000 | 3,293,000 |
| Net interest income | 850,000 | 1,662,000 | 2,499,000 | 3,447,000 |
| Noninterest income | 103,000 | 229,000 | 346,000 | 486,000 |
| Noninterest expense | 552,000 | 1,127,000 | 1,691,000 | 2,192,000 |
| Provision for loan losses | 0 | 0 | 0 | 181,000 |
| Pretax income | 401,000 | 764,000 | 1,154,000 | 1,559,000 |
| Income tax | 159,000 | 259,000 | 395,000 | 534,000 |
| Net income | 242,000 | 505,000 | 759,000 | 1,025,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,594,000 | 9,863,000 | 10,121,000 | 10,477,000 |
| Total capital | 9,732,000 | 10,000,000 | 10,258,000 | 10,615,000 |
| Risk-weighted assets | 58,556,000 | 60,234,000 | 62,719,000 | 65,240,000 |