Call reports 2008
FIRST RELIANCE BANK — 2008
What FIRST RELIANCE 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 | 596,614,000 | 585,314,000 | 573,792,000 | 598,360,000 |
| Total loans | 491,466,000 | 476,875,000 | 470,909,000 | 478,572,000 |
| Allowance for loan losses | 5,540,000 | 5,741,000 | 6,210,000 | 8,224,000 |
| Securities available for sale | 57,419,000 | 54,953,000 | 56,822,000 | 76,186,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 450,499,000 | 456,563,000 | 448,700,000 | 462,032,000 |
| Interest-bearing deposits | 404,833,000 | 409,267,000 | 404,642,000 | 421,668,000 |
| Noninterest-bearing deposits | 45,666,000 | 47,296,000 | 44,058,000 | 40,364,000 |
| Equity capital | 49,432,000 | 49,466,000 | 48,896,000 | 48,539,000 |
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 | 9,816,000 | 19,107,000 | 28,154,000 | 36,223,000 |
| Interest expense | 4,719,000 | 9,074,000 | 13,092,000 | 16,790,000 |
| Net interest income | 5,097,000 | 10,033,000 | 15,062,000 | 19,433,000 |
| Noninterest income | 1,331,000 | 2,701,000 | 3,892,000 | 5,008,000 |
| Noninterest expense | 4,625,000 | 9,163,000 | 13,540,000 | 18,293,000 |
| Provision for loan losses | 502,000 | 1,147,000 | 1,757,000 | 4,935,000 |
| Pretax income | 1,301,000 | 2,424,000 | 3,657,000 | 1,213,000 |
| Income tax | 317,000 | 573,000 | 868,000 | -117,000 |
| Net income | 984,000 | 1,851,000 | 2,789,000 | 1,330,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,334,000 | 50,200,000 | 50,138,000 | 48,678,000 |
| Total capital | 54,874,000 | 55,941,000 | 56,349,000 | 55,037,000 |
| Risk-weighted assets | 516,414,000 | 504,910,000 | 496,925,000 | 506,827,000 |