Call reports 2007
ANDOVER BANK, THE — 2007
What ANDOVER BANK, THE 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 | 272,971,000 | 273,677,000 | 271,438,000 | 280,479,000 |
| Total loans | 148,261,000 | 152,001,000 | 154,533,000 | 156,996,000 |
| Allowance for loan losses | 1,162,000 | 1,191,000 | 1,142,000 | 1,209,000 |
| Securities available for sale | 104,499,000 | 102,072,000 | 98,575,000 | 87,058,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,583,000 | 245,830,000 | 241,594,000 | 251,951,000 |
| Interest-bearing deposits | 206,652,000 | 209,252,000 | 204,086,000 | 211,210,000 |
| Noninterest-bearing deposits | 37,931,000 | 36,578,000 | 37,508,000 | 40,741,000 |
| Equity capital | 24,182,000 | 23,643,000 | 24,265,000 | 23,541,000 |
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 | 3,758,000 | 7,587,000 | 11,535,000 | 15,396,000 |
| Interest expense | 1,770,000 | 3,598,000 | 5,499,000 | 7,333,000 |
| Net interest income | 1,988,000 | 3,989,000 | 6,036,000 | 8,063,000 |
| Noninterest income | 563,000 | 1,360,000 | 2,199,000 | 3,028,000 |
| Noninterest expense | 1,800,000 | 3,543,000 | 5,321,000 | 7,408,000 |
| Provision for loan losses | 30,000 | 60,000 | 60,000 | 160,000 |
| Pretax income | 721,000 | 1,746,000 | 2,855,000 | 3,524,000 |
| Income tax | 125,000 | 360,000 | 625,000 | 744,000 |
| Net income | 596,000 | 1,386,000 | 2,230,000 | 2,780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,628,000 | 24,663,000 | 24,507,000 | 23,270,000 |
| Total capital | 25,790,000 | 25,854,000 | 25,649,000 | 24,479,000 |
| Risk-weighted assets | 151,234,000 | 152,117,000 | 155,348,000 | 146,858,000 |