Call reports 2009
WEST POINT BANK — 2009
What WEST POINT BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 110,188,000 | 110,941,000 | 111,516,000 | 115,596,000 |
| Total loans | 63,621,000 | 63,455,000 | 64,154,000 | 66,484,000 |
| Allowance for loan losses | 364,000 | 520,000 | 514,000 | 513,000 |
| Securities available for sale | 26,292,000 | 29,171,000 | 28,837,000 | 29,875,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,274,000 | 68,744,000 | 71,484,000 | 67,240,000 |
| Interest-bearing deposits | 54,218,000 | 54,488,000 | 55,759,000 | 52,677,000 |
| Noninterest-bearing deposits | 16,056,000 | 14,256,000 | 15,725,000 | 14,563,000 |
| Equity capital | 12,433,000 | 12,624,000 | 12,933,000 | 13,107,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,405,000 | 2,798,000 | 4,127,000 | 5,479,000 |
| Interest expense | 326,000 | 601,000 | 862,000 | 1,116,000 |
| Net interest income | 1,079,000 | 2,197,000 | 3,265,000 | 4,363,000 |
| Noninterest income | 50,000 | 103,000 | 133,000 | 231,000 |
| Noninterest expense | 715,000 | 1,378,000 | 2,014,000 | 2,660,000 |
| Provision for loan losses | 109,000 | 292,000 | 405,000 | 720,000 |
| Pretax income | 305,000 | 630,000 | 979,000 | 1,214,000 |
| Income tax | 100,000 | 214,000 | 320,000 | 435,000 |
| Net income | 205,000 | 416,000 | 659,000 | 779,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,350,000 | 12,565,000 | 12,813,000 | 12,938,000 |
| Total capital | 12,714,000 | 13,085,000 | 13,327,000 | 13,451,000 |
| Risk-weighted assets | 54,045,000 | 54,549,000 | 52,581,000 | 56,061,000 |