Call reports 2007
WESTBOUND BANK — 2007
What WESTBOUND BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 32,276,000 | 44,073,000 | 58,726,000 | 71,633,000 |
| Total loans | 13,473,000 | 25,987,000 | 35,005,000 | 41,510,000 |
| Allowance for loan losses | 59,000 | 212,000 | 318,000 | 370,000 |
| Securities available for sale | 11,939,000 | 9,004,000 | 6,005,000 | 8,234,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,405,000 | 21,414,000 | 36,158,000 | 49,207,000 |
| Interest-bearing deposits | 5,829,000 | 16,833,000 | 30,270,000 | 41,564,000 |
| Noninterest-bearing deposits | 3,576,000 | 4,581,000 | 5,888,000 | 7,643,000 |
| Equity capital | 22,848,000 | 22,582,000 | 22,403,000 | 22,198,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 364,000 | 979,000 | 1,883,000 | 2,903,000 |
| Interest expense | 16,000 | 127,000 | 413,000 | 867,000 |
| Net interest income | 348,000 | 852,000 | 1,470,000 | 2,036,000 |
| Noninterest income | 2,000 | 3,000 | 18,000 | 90,000 |
| Noninterest expense | 791,000 | 1,600,000 | 2,514,000 | 3,513,000 |
| Provision for loan losses | 59,000 | 212,000 | 318,000 | 370,000 |
| Pretax income | -502,000 | -959,000 | -1,346,000 | -1,730,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -502,000 | -959,000 | -1,346,000 | -1,730,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,852,000 | 22,588,000 | 22,401,000 | 22,216,000 |
| Total capital | 22,911,000 | 22,800,000 | 22,719,000 | 22,586,000 |
| Risk-weighted assets | 22,393,000 | 35,339,000 | 50,597,000 | 57,079,000 |