Call reports 2008
VANTAGE BANK OF ALABAMA — 2008
What VANTAGE BANK OF ALABAMA 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 | 43,640,000 | 46,570,000 | 50,748,000 | 53,474,000 |
| Total loans | 27,385,000 | 31,638,000 | 33,727,000 | 35,217,000 |
| Allowance for loan losses | 339,000 | 394,000 | 422,000 | 441,000 |
| Securities available for sale | 7,423,000 | 8,697,000 | 8,657,000 | 11,609,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,492,000 | 36,651,000 | 40,862,000 | 43,213,000 |
| Interest-bearing deposits | 29,121,000 | 32,117,000 | 35,470,000 | 38,148,000 |
| Noninterest-bearing deposits | 4,371,000 | 4,534,000 | 5,392,000 | 5,065,000 |
| Equity capital | 9,785,000 | 9,603,000 | 9,601,000 | 9,853,000 |
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 | 637,000 | 1,273,000 | 1,947,000 | 2,628,000 |
| Interest expense | 294,000 | 571,000 | 853,000 | 1,157,000 |
| Net interest income | 343,000 | 702,000 | 1,094,000 | 1,471,000 |
| Noninterest income | 50,000 | 95,000 | 141,000 | 187,000 |
| Noninterest expense | 425,000 | 836,000 | 1,247,000 | 1,673,000 |
| Provision for loan losses | 21,000 | 83,000 | 112,000 | 131,000 |
| Pretax income | -53,000 | -122,000 | -124,000 | -146,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -53,000 | -122,000 | -124,000 | -146,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,687,000 | 9,644,000 | 9,668,000 | 9,673,000 |
| Total capital | 10,026,000 | 10,034,000 | 10,090,000 | 10,114,000 |
| Risk-weighted assets | 27,394,000 | 31,204,000 | 34,458,000 | 35,179,000 |