Call reports 2008
FLORIDA BANK OF SARASOTA — 2008
What FLORIDA BANK OF SARASOTA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 23,143,000 | 29,299,000 | 38,623,000 |
| Total loans | 8,378,000 | 11,371,000 | 23,416,000 |
| Allowance for loan losses | 105,000 | 160,000 | 310,000 |
| Securities available for sale | 1,001,000 | 5,403,000 | 5,260,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 4,572,000 | 11,380,000 | 18,300,000 |
| Interest-bearing deposits | 3,146,000 | 11,044,000 | 17,903,000 |
| Noninterest-bearing deposits | 1,425,000 | 337,000 | 397,000 |
| Equity capital | 18,030,000 | 17,814,000 | 17,645,000 |
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 |
|---|---|---|---|
| Interest income | 411,000 | 655,000 | 1,042,000 |
| Interest expense | 165,000 | 239,000 | 377,000 |
| Net interest income | 246,000 | 416,000 | 665,000 |
| Noninterest income | 1,000 | -8,000 | -10,000 |
| Noninterest expense | 511,000 | 913,000 | 1,355,000 |
| Provision for loan losses | 105,000 | 160,000 | 310,000 |
| Pretax income | -369,000 | -665,000 | -1,010,000 |
| Income tax | -136,000 | -245,000 | -374,000 |
| Net income | -233,000 | -420,000 | -636,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 16,812,000 | 16,717,000 | 16,441,000 |
| Total capital | 16,917,000 | 16,877,000 | 16,751,000 |
| Risk-weighted assets | 13,045,000 | 16,770,000 | 28,752,000 |