Call reports 2008
ANDOVER BANK, THE — 2008
What ANDOVER BANK, THE 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 | 276,671,000 | 273,402,000 | 265,076,000 | 269,218,000 |
| Total loans | 158,703,000 | 164,175,000 | 163,398,000 | 163,448,000 |
| Allowance for loan losses | 1,240,000 | 1,240,000 | 1,052,000 | 1,160,000 |
| Securities available for sale | 84,920,000 | 86,178,000 | 76,756,000 | 79,541,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 246,580,000 | 244,936,000 | 236,900,000 | 242,005,000 |
| Interest-bearing deposits | 208,771,000 | 205,190,000 | 195,853,000 | 202,637,000 |
| Noninterest-bearing deposits | 37,809,000 | 39,746,000 | 41,047,000 | 39,368,000 |
| Equity capital | 24,703,000 | 23,939,000 | 23,653,000 | 22,808,000 |
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 | 3,837,000 | 7,596,000 | 11,246,000 | 14,853,000 |
| Interest expense | 1,733,000 | 3,120,000 | 4,320,000 | 5,449,000 |
| Net interest income | 2,104,000 | 4,476,000 | 6,926,000 | 9,404,000 |
| Noninterest income | 734,000 | 1,501,000 | 2,367,000 | 3,138,000 |
| Noninterest expense | 1,904,000 | 3,902,000 | 5,772,000 | 8,764,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 210,000 |
| Pretax income | 904,000 | 2,015,000 | 1,512,000 | 1,649,000 |
| Income tax | 178,000 | 410,000 | 88,000 | 125,000 |
| Net income | 726,000 | 1,605,000 | 1,424,000 | 1,524,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,879,000 | 23,992,000 | 23,811,000 | 23,148,000 |
| Total capital | 25,119,000 | 25,232,000 | 24,863,000 | 24,308,000 |
| Risk-weighted assets | 155,171,000 | 156,227,000 | 154,446,000 | 154,416,000 |