Call reports 2008
WESTBOUND BANK — 2008
What WESTBOUND 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 | 103,757,000 | 120,566,000 | 132,927,000 | 150,677,000 |
| Total loans | 66,381,000 | 100,902,000 | 115,431,000 | 133,545,000 |
| Allowance for loan losses | 620,000 | 701,000 | 813,000 | 927,000 |
| Securities available for sale | 8,093,000 | 5,212,000 | 5,217,000 | 5,303,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,899,000 | 81,297,000 | 92,365,000 | 102,454,000 |
| Interest-bearing deposits | 62,933,000 | 69,461,000 | 76,503,000 | 87,248,000 |
| Noninterest-bearing deposits | 10,966,000 | 11,836,000 | 15,862,000 | 15,206,000 |
| Equity capital | 21,699,000 | 21,142,000 | 20,898,000 | 20,992,000 |
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 | 1,138,000 | 2,578,000 | 4,250,000 | 6,101,000 |
| Interest expense | 578,000 | 1,264,000 | 2,038,000 | 2,824,000 |
| Net interest income | 560,000 | 1,314,000 | 2,212,000 | 3,277,000 |
| Noninterest income | 72,000 | 215,000 | 335,000 | 498,000 |
| Noninterest expense | 1,081,000 | 2,196,000 | 3,392,000 | 4,545,000 |
| Provision for loan losses | 250,000 | 331,000 | 563,000 | 677,000 |
| Pretax income | -699,000 | -948,000 | -1,358,000 | -1,381,000 |
| Income tax | 0 | 0 | 1,000 | 0 |
| Net income | -699,000 | -948,000 | -1,359,000 | -1,381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,544,000 | 21,322,000 | 20,939,000 | 20,945,000 |
| Total capital | 22,164,000 | 22,023,000 | 21,752,000 | 21,872,000 |
| Risk-weighted assets | 77,364,000 | 105,888,000 | 119,894,000 | 153,672,000 |