Call reports 2009
COASTAL CAROLINA NATIONAL BANK — 2009
What COASTAL CAROLINA NATIONAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|
| Total assets | 34,766,000 | 47,469,000 | 60,268,000 |
| Total loans | 141,000 | 4,618,000 | 10,582,000 |
| Allowance for loan losses | 2,000 | 62,000 | 145,000 |
| Securities available for sale | 0 | 10,569,000 | 17,030,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 17,030,000 | 30,464,000 | 43,986,000 |
| Interest-bearing deposits | 16,854,000 | 29,661,000 | 43,283,000 |
| Noninterest-bearing deposits | 176,000 | 803,000 | 703,000 |
| Equity capital | 17,508,000 | 16,716,000 | 16,051,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|
| Interest income | 100,000 | 259,000 | 609,000 |
| Interest expense | 81,000 | 228,000 | 437,000 |
| Net interest income | 19,000 | 31,000 | 172,000 |
| Noninterest income | 25,000 | 26,000 | 30,000 |
| Noninterest expense | 2,485,000 | 3,292,000 | 3,937,000 |
| Provision for loan losses | 2,000 | 62,000 | 145,000 |
| Pretax income | -2,443,000 | -3,297,000 | -3,869,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -2,443,000 | -3,297,000 | -3,869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|
| Tier 1 capital | 17,508,000 | 16,691,000 | 16,152,000 |
| Total capital | 17,510,000 | 16,753,000 | 16,297,000 |
| Risk-weighted assets | 7,329,000 | 12,917,000 | 18,023,000 |