Call reports 2008
BANK OF VENICE, THE — 2008
What BANK OF VENICE, THE 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 | 80,750,000 | 85,986,000 | 85,058,000 | 91,829,000 |
| Total loans | 62,288,000 | 62,193,000 | 65,039,000 | 67,953,000 |
| Allowance for loan losses | 680,000 | 647,000 | 738,000 | 1,887,000 |
| Securities available for sale | 1,612,000 | 6,512,000 | 6,366,000 | 6,392,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,121,000 | 56,579,000 | 55,679,000 | 64,171,000 |
| Interest-bearing deposits | 49,354,000 | 49,919,000 | 49,079,000 | 57,702,000 |
| Noninterest-bearing deposits | 6,767,000 | 6,660,000 | 6,600,000 | 6,469,000 |
| Equity capital | 14,659,000 | 14,423,000 | 14,210,000 | 13,181,000 |
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 | 1,058,000 | 2,155,000 | 3,284,000 | 4,433,000 |
| Interest expense | 480,000 | 1,013,000 | 1,537,000 | 2,103,000 |
| Net interest income | 578,000 | 1,142,000 | 1,747,000 | 2,330,000 |
| Noninterest income | 43,000 | 56,000 | 117,000 | 134,000 |
| Noninterest expense | 757,000 | 1,598,000 | 2,430,000 | 3,303,000 |
| Provision for loan losses | 10,000 | 81,000 | 226,000 | 1,673,000 |
| Pretax income | -146,000 | -481,000 | -792,000 | -2,512,000 |
| Income tax | -49,000 | -185,000 | -304,000 | -928,000 |
| Net income | -97,000 | -296,000 | -488,000 | -1,584,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,868,000 | 7,728,000 | 7,594,000 | 6,555,000 |
| Total capital | 8,548,000 | 8,375,000 | 8,305,000 | 7,301,000 |
| Risk-weighted assets | 54,518,000 | 62,245,000 | 56,890,000 | 58,796,000 |