Call reports 2008
GATEWAY BUSINESS BANK — 2008
What GATEWAY BUSINESS 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 | 168,920,000 | 190,670,000 | 194,956,000 | 198,774,000 |
| Total loans | 155,568,000 | 174,144,000 | 174,870,000 | 178,355,000 |
| Allowance for loan losses | 2,977,000 | 3,263,000 | 3,478,000 | 4,038,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 176,000 | 168,000 | 162,000 | 156,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,326,000 | 126,314,000 | 157,080,000 | 152,272,000 |
| Interest-bearing deposits | 110,539,000 | 109,643,000 | 142,847,000 | 138,487,000 |
| Noninterest-bearing deposits | 12,787,000 | 16,671,000 | 14,233,000 | 13,785,000 |
| Equity capital | 32,717,000 | 33,865,000 | 32,739,000 | 32,269,000 |
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 | 3,057,000 | 6,287,000 | 9,539,000 | 12,686,000 |
| Interest expense | 1,312,000 | 2,499,000 | 3,670,000 | 4,854,000 |
| Net interest income | 1,745,000 | 3,788,000 | 5,869,000 | 7,832,000 |
| Noninterest income | 5,104,000 | 11,615,000 | 17,805,000 | 23,617,000 |
| Noninterest expense | 6,572,000 | 13,072,000 | 19,855,000 | 26,537,000 |
| Provision for loan losses | 52,000 | 352,000 | 3,734,000 | 5,719,000 |
| Pretax income | 225,000 | 1,979,000 | 85,000 | -807,000 |
| Income tax | 96,000 | 851,000 | 82,000 | -339,000 |
| Net income | 129,000 | 1,128,000 | 3,000 | -468,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,997,000 | 32,164,000 | 31,053,000 | 30,493,000 |
| Total capital | 33,059,000 | 34,684,000 | 33,541,000 | 33,257,000 |
| Risk-weighted assets | 163,979,000 | 200,818,000 | 198,008,000 | 219,778,000 |