Call reports 2007
WEST POINT BANK — 2007
What WEST POINT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 110,733,000 | 108,011,000 | 109,774,000 | 107,482,000 |
| Total loans | 70,933,000 | 70,154,000 | 69,671,000 | 69,911,000 |
| Allowance for loan losses | 144,000 | 241,000 | 342,000 | 292,000 |
| Securities available for sale | 32,902,000 | 31,715,000 | 30,910,000 | 27,563,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,265,000 | 69,246,000 | 67,714,000 | 64,823,000 |
| Interest-bearing deposits | 55,494,000 | 55,163,000 | 52,708,000 | 50,142,000 |
| Noninterest-bearing deposits | 13,771,000 | 14,083,000 | 15,006,000 | 14,681,000 |
| Equity capital | 10,678,000 | 10,823,000 | 11,196,000 | 11,442,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,851,000 | 3,658,000 | 5,452,000 | 7,206,000 |
| Interest expense | 882,000 | 1,740,000 | 2,533,000 | 3,266,000 |
| Net interest income | 969,000 | 1,918,000 | 2,919,000 | 3,940,000 |
| Noninterest income | 120,000 | 146,000 | 268,000 | 243,000 |
| Noninterest expense | 565,000 | 1,143,000 | 1,744,000 | 2,381,000 |
| Provision for loan losses | 93,000 | 197,000 | 307,000 | 307,000 |
| Pretax income | 431,000 | 724,000 | 1,136,000 | 1,497,000 |
| Income tax | 141,000 | 256,000 | 392,000 | 561,000 |
| Net income | 290,000 | 468,000 | 744,000 | 936,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,686,000 | 10,869,000 | 11,150,000 | 11,346,000 |
| Total capital | 10,830,000 | 11,110,000 | 11,492,000 | 11,638,000 |
| Risk-weighted assets | 59,453,000 | 62,876,000 | 60,440,000 | 60,635,000 |