Call reports 2008
HALIFAX NATIONAL BANK — 2008
What HALIFAX NATIONAL BANK 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 | 84,472,000 | 87,620,000 | 90,135,000 | 90,219,000 |
| Total loans | 63,498,000 | 65,119,000 | 67,002,000 | 68,218,000 |
| Allowance for loan losses | 564,000 | 599,000 | 625,000 | 971,000 |
| Securities available for sale | 13,332,000 | 14,884,000 | 14,390,000 | 13,101,000 |
| Securities held to maturity | 26,000 | 25,000 | 24,000 | 23,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,847,000 | 68,245,000 | 73,018,000 | 73,582,000 |
| Interest-bearing deposits | 61,170,000 | 60,652,000 | 65,062,000 | 65,857,000 |
| Noninterest-bearing deposits | 7,677,000 | 7,593,000 | 7,956,000 | 7,725,000 |
| Equity capital | 10,667,000 | 10,709,000 | 10,815,000 | 9,902,000 |
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 | 1,225,000 | 2,469,000 | 3,771,000 | 5,050,000 |
| Interest expense | 597,000 | 1,171,000 | 1,719,000 | 2,228,000 |
| Net interest income | 628,000 | 1,298,000 | 2,052,000 | 2,822,000 |
| Noninterest income | 531,000 | 612,000 | 694,000 | 740,000 |
| Noninterest expense | 512,000 | 1,046,000 | 1,604,000 | 3,338,000 |
| Provision for loan losses | 25,000 | 50,000 | 75,000 | 575,000 |
| Pretax income | 622,000 | 814,000 | 1,067,000 | -351,000 |
| Income tax | 176,000 | 208,000 | 256,000 | -200,000 |
| Net income | 446,000 | 606,000 | 811,000 | -151,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,894,000 | 11,016,000 | 11,184,000 | 10,077,000 |
| Total capital | 11,458,000 | 11,615,000 | 11,809,000 | 10,858,000 |
| Risk-weighted assets | 68,554,000 | 70,021,000 | 71,983,000 | 62,294,000 |