Call reports 2008
PALM BEACH COMMUNITY BANK — 2008
What PALM BEACH COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Total assets | 51,371,000 | 83,466,000 | 87,486,000 |
| Total loans | 18,866,000 | 46,743,000 | 61,553,000 |
| Allowance for loan losses | 113,000 | 324,000 | 1,067,000 |
| Securities available for sale | 14,557,000 | 14,187,000 | 14,031,000 |
| Securities held to maturity | 9,780,000 | 9,480,000 | 9,172,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 28,842,000 | 61,051,000 | 64,403,000 |
| Interest-bearing deposits | 27,118,000 | 58,191,000 | 60,850,000 |
| Noninterest-bearing deposits | 1,724,000 | 2,860,000 | 3,553,000 |
| Equity capital | 22,429,000 | 22,251,000 | 21,771,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Interest income | 440,000 | 1,352,000 | 2,513,000 |
| Interest expense | 114,000 | 482,000 | 1,034,000 |
| Net interest income | 326,000 | 870,000 | 1,479,000 |
| Noninterest income | 1,000 | 3,000 | 13,000 |
| Noninterest expense | 885,000 | 1,529,000 | 2,187,000 |
| Provision for loan losses | 113,000 | 324,000 | 1,067,000 |
| Pretax income | -671,000 | -980,000 | -1,762,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -671,000 | -980,000 | -1,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Tier 1 capital | 22,704,000 | 22,395,000 | 21,613,000 |
| Total capital | 22,817,000 | 22,719,000 | 22,150,000 |
| Risk-weighted assets | 17,530,000 | 36,682,000 | 42,435,000 |