Call reports 2008
FINEMARK NATIONAL BANK & TRUST — 2008
What FINEMARK NATIONAL BANK & TRUST 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 | 82,766,000 | 88,769,000 | 111,513,000 | 138,239,000 |
| Total loans | 51,761,000 | 61,304,000 | 68,847,000 | 79,451,000 |
| Allowance for loan losses | 651,000 | 766,000 | 888,000 | 1,193,000 |
| Securities available for sale | 7,250,000 | 8,601,000 | 13,762,000 | 29,764,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,951,000 | 43,335,000 | 61,197,000 | 88,525,000 |
| Interest-bearing deposits | 23,391,000 | 32,575,000 | 52,713,000 | 85,992,000 |
| Noninterest-bearing deposits | 6,560,000 | 10,760,000 | 8,484,000 | 2,533,000 |
| Equity capital | 29,886,000 | 29,443,000 | 29,140,000 | 29,051,000 |
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 | 866,000 | 1,763,000 | 2,814,000 | 4,093,000 |
| Interest expense | 207,000 | 453,000 | 842,000 | 1,406,000 |
| Net interest income | 659,000 | 1,310,000 | 1,972,000 | 2,687,000 |
| Noninterest income | 127,000 | 51,000 | 219,000 | 366,000 |
| Noninterest expense | 946,000 | 1,962,000 | 3,054,000 | 4,233,000 |
| Provision for loan losses | 132,000 | 247,000 | 369,000 | 819,000 |
| Pretax income | -292,000 | -848,000 | -1,232,000 | -1,999,000 |
| Income tax | -91,000 | -281,000 | -402,000 | -670,000 |
| Net income | -201,000 | -567,000 | -830,000 | -1,329,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,433,000 | 27,848,000 | 27,458,000 | 26,953,000 |
| Total capital | 29,084,000 | 28,614,000 | 28,346,000 | 28,043,000 |
| Risk-weighted assets | 57,930,000 | 66,042,000 | 75,249,000 | 87,008,000 |