Call reports 2008
SANDHILLS BANK — 2008
What SANDHILLS 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 | 65,421,000 | 69,680,000 | 67,845,000 | 66,786,000 |
| Total loans | 48,816,000 | 52,142,000 | 50,852,000 | 49,669,000 |
| Allowance for loan losses | 649,000 | 1,295,000 | 959,000 | 1,489,000 |
| Securities available for sale | 6,131,000 | 7,376,000 | 6,155,000 | 2,627,000 |
| Securities held to maturity | 2,343,000 | 2,339,000 | 2,335,000 | 2,332,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,888,000 | 52,544,000 | 60,932,000 | 60,857,000 |
| Interest-bearing deposits | 50,463,000 | 46,046,000 | 54,253,000 | 55,314,000 |
| Noninterest-bearing deposits | 6,425,000 | 6,498,000 | 6,679,000 | 5,543,000 |
| Equity capital | 7,027,000 | 6,650,000 | 5,138,000 | 5,243,000 |
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 | 1,184,000 | 2,241,000 | 3,281,000 | 4,246,000 |
| Interest expense | 587,000 | 1,047,000 | 1,479,000 | 1,907,000 |
| Net interest income | 597,000 | 1,194,000 | 1,802,000 | 2,339,000 |
| Noninterest income | 65,000 | 146,000 | 213,000 | 291,000 |
| Noninterest expense | 543,000 | 1,221,000 | 1,767,000 | 2,319,000 |
| Provision for loan losses | 50,000 | 700,000 | 1,200,000 | 1,750,000 |
| Pretax income | 127,000 | -523,000 | -2,278,000 | -3,023,000 |
| Income tax | 33,000 | -211,000 | -324,000 | -1,130,000 |
| Net income | 94,000 | -312,000 | -1,954,000 | -1,893,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,503,000 | 7,096,000 | 5,239,000 | 4,431,000 |
| Total capital | 8,152,000 | 7,846,000 | 5,972,000 | 5,129,000 |
| Risk-weighted assets | 56,777,000 | 59,485,000 | 58,400,000 | 55,050,000 |