Call reports 2008
WASHINGTON STATE BANK — 2008
What WASHINGTON STATE 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 | 42,396,000 | 42,379,000 | 41,080,000 | 44,822,000 |
| Total loans | 21,763,000 | 21,580,000 | 21,053,000 | 21,969,000 |
| Allowance for loan losses | 146,000 | 206,000 | 173,000 | 99,000 |
| Securities available for sale | 14,092,000 | 13,514,000 | 14,976,000 | 19,326,000 |
| Securities held to maturity | 2,268,000 | 2,471,000 | 2,701,000 | 1,616,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,251,000 | 37,511,000 | 35,987,000 | 38,150,000 |
| Interest-bearing deposits | 29,102,000 | 30,569,000 | 30,129,000 | 32,046,000 |
| Noninterest-bearing deposits | 8,149,000 | 6,942,000 | 5,858,000 | 6,104,000 |
| Equity capital | 4,758,000 | 4,645,000 | 4,835,000 | 4,722,000 |
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 | 606,000 | 1,189,000 | 1,756,000 | 2,329,000 |
| Interest expense | 224,000 | 427,000 | 622,000 | 798,000 |
| Net interest income | 382,000 | 762,000 | 1,134,000 | 1,531,000 |
| Noninterest income | 44,000 | 101,000 | 152,000 | 204,000 |
| Noninterest expense | 277,000 | 558,000 | 837,000 | 1,145,000 |
| Provision for loan losses | 9,000 | 69,000 | 37,000 | 33,000 |
| Pretax income | 140,000 | 236,000 | 412,000 | 557,000 |
| Income tax | 45,000 | 88,000 | 132,000 | 184,000 |
| Net income | 95,000 | 148,000 | 280,000 | 373,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,612,000 | 4,665,000 | 4,798,000 | 4,565,000 |
| Total capital | 4,758,000 | 4,871,000 | 4,971,000 | 4,664,000 |
| Risk-weighted assets | 20,246,000 | 20,058,000 | 19,443,000 | 20,922,000 |