Call reports 2008
WEST POINT BANK — 2008
What WEST POINT 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 | 112,086,000 | 113,043,000 | 108,102,000 | 105,728,000 |
| Total loans | 68,822,000 | 67,216,000 | 66,336,000 | 64,974,000 |
| Allowance for loan losses | 284,000 | 241,000 | 350,000 | 361,000 |
| Securities available for sale | 30,162,000 | 34,156,000 | 32,679,000 | 24,064,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,962,000 | 78,331,000 | 74,030,000 | 68,902,000 |
| Interest-bearing deposits | 57,008,000 | 61,970,000 | 57,734,000 | 53,681,000 |
| Noninterest-bearing deposits | 15,954,000 | 16,361,000 | 16,296,000 | 15,221,000 |
| Equity capital | 11,721,000 | 11,907,000 | 12,050,000 | 12,198,000 |
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 | 1,644,000 | 3,260,000 | 4,807,000 | 6,310,000 |
| Interest expense | 633,000 | 1,168,000 | 1,709,000 | 2,107,000 |
| Net interest income | 1,011,000 | 2,092,000 | 3,098,000 | 4,203,000 |
| Noninterest income | 83,000 | 164,000 | 190,000 | 242,000 |
| Noninterest expense | 679,000 | 1,335,000 | 2,024,000 | 2,854,000 |
| Provision for loan losses | 9,000 | 9,000 | 109,000 | 366,000 |
| Pretax income | 406,000 | 912,000 | 1,155,000 | 1,225,000 |
| Income tax | 144,000 | 318,000 | 406,000 | 448,000 |
| Net income | 262,000 | 594,000 | 749,000 | 777,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,612,000 | 11,949,000 | 12,108,000 | 12,140,000 |
| Total capital | 11,896,000 | 12,190,000 | 12,458,000 | 12,501,000 |
| Risk-weighted assets | 58,771,000 | 58,162,000 | 56,339,000 | 54,598,000 |