Call reports 2007
FINEMARK NATIONAL BANK & TRUST — 2007
What FINEMARK NATIONAL BANK & TRUST reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 37,067,000 | 41,825,000 | 57,051,000 | 59,725,000 |
| Total loans | 588,000 | 10,211,000 | 33,050,000 | 41,380,000 |
| Allowance for loan losses | 0 | 102,000 | 330,000 | 517,000 |
| Securities available for sale | 0 | 4,923,000 | 4,697,000 | 4,620,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,729,000 | 11,614,000 | 21,085,000 | 21,155,000 |
| Interest-bearing deposits | 1,113,000 | 5,550,000 | 10,872,000 | 14,871,000 |
| Noninterest-bearing deposits | 5,616,000 | 6,064,000 | 10,213,000 | 6,284,000 |
| Equity capital | 30,330,000 | 30,185,000 | 29,985,000 | 30,061,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 221,000 | 709,000 | 1,336,000 | 2,128,000 |
| Interest expense | 3,000 | 27,000 | 116,000 | 308,000 |
| Net interest income | 218,000 | 682,000 | 1,220,000 | 1,820,000 |
| Noninterest income | 0 | 23,000 | 118,000 | 231,000 |
| Noninterest expense | 1,423,000 | 2,484,000 | 3,628,000 | 5,221,000 |
| Provision for loan losses | 0 | 102,000 | 330,000 | 531,000 |
| Pretax income | -1,205,000 | -1,881,000 | -2,620,000 | -3,701,000 |
| Income tax | -451,000 | -751,000 | -968,000 | -1,364,000 |
| Net income | -754,000 | -1,130,000 | -1,652,000 | -2,337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,879,000 | 29,437,000 | 29,016,000 | 28,693,000 |
| Total capital | 29,879,000 | 29,539,000 | 29,346,000 | 29,210,000 |
| Risk-weighted assets | 9,154,000 | 17,231,000 | 38,086,000 | 43,327,000 |