Call reports 2008
FRONTIER COMMUNITY BANK — 2008
What FRONTIER COMMUNITY 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 | 14,365,000 | 23,895,000 | 23,519,000 | 34,403,000 |
| Total loans | 4,138,000 | 12,510,000 | 17,835,000 | 25,651,000 |
| Allowance for loan losses | 54,000 | 196,000 | 261,000 | 348,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,815,000 | 14,824,000 | 14,624,000 | 25,845,000 |
| Interest-bearing deposits | 4,501,000 | 10,166,000 | 13,518,000 | 21,778,000 |
| Noninterest-bearing deposits | 314,000 | 4,658,000 | 1,106,000 | 4,067,000 |
| Equity capital | 9,495,000 | 9,034,000 | 8,835,000 | 8,409,000 |
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 | 158,000 | 321,000 | 565,000 | 860,000 |
| Interest expense | 15,000 | 73,000 | 176,000 | 339,000 |
| Net interest income | 143,000 | 248,000 | 389,000 | 521,000 |
| Noninterest income | 0 | 2,000 | 5,000 | 7,000 |
| Noninterest expense | 1,192,000 | 1,624,000 | 1,930,000 | 2,446,000 |
| Provision for loan losses | 54,000 | 196,000 | 261,000 | 348,000 |
| Pretax income | -1,103,000 | -1,570,000 | -1,797,000 | -2,266,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -1,103,000 | -1,570,000 | -1,797,000 | -2,266,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,495,000 | 9,034,000 | 8,835,000 | 8,409,000 |
| Total capital | 9,549,000 | 9,230,000 | 9,096,000 | 8,757,000 |
| Risk-weighted assets | 6,728,000 | 15,678,000 | 20,789,000 | 28,880,000 |