Call reports 2008
COMMONWEALTH NATIONAL BANK — 2008
What COMMONWEALTH NATIONAL 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 | 80,173,000 | 67,857,000 | 70,890,000 | 73,649,000 |
| Total loans | 29,257,000 | 29,276,000 | 29,901,000 | 29,927,000 |
| Allowance for loan losses | 343,000 | 341,000 | 361,000 | 271,000 |
| Securities available for sale | 31,755,000 | 32,769,000 | 32,067,000 | 32,285,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,273,000 | 62,499,000 | 65,354,000 | 65,924,000 |
| Interest-bearing deposits | 65,734,000 | 53,108,000 | 56,802,000 | 57,117,000 |
| Noninterest-bearing deposits | 8,539,000 | 9,391,000 | 8,552,000 | 8,807,000 |
| Equity capital | 5,339,000 | 4,875,000 | 5,123,000 | 5,735,000 |
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 | 972,000 | 1,971,000 | 2,950,000 | 3,941,000 |
| Interest expense | 410,000 | 750,000 | 1,053,000 | 1,388,000 |
| Net interest income | 562,000 | 1,221,000 | 1,897,000 | 2,553,000 |
| Noninterest income | 219,000 | 509,000 | 682,000 | 911,000 |
| Noninterest expense | 654,000 | 1,400,000 | 2,012,000 | 2,935,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 112,000 | 300,000 | 534,000 | 481,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 112,000 | 300,000 | 534,000 | 481,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,127,000 | 5,323,000 | 5,564,000 | 5,518,000 |
| Total capital | 5,470,000 | 5,664,000 | 5,925,000 | 5,789,000 |
| Risk-weighted assets | 34,235,000 | 31,694,000 | 32,965,000 | 33,135,000 |