Call reports 2008
TOWN BANK, NATIONAL ASSOCIATION — 2008
What TOWN BANK, NATIONAL ASSOCIATION 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 | 583,553,000 | 588,662,000 | 600,083,000 | 644,196,000 |
| Total loans | 479,642,000 | 463,275,000 | 475,294,000 | 500,399,000 |
| Allowance for loan losses | 3,629,000 | 3,587,000 | 4,750,000 | 4,544,000 |
| Securities available for sale | 39,063,000 | 49,172,000 | 57,993,000 | 27,955,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 474,477,000 | 480,895,000 | 501,649,000 | 539,751,000 |
| Interest-bearing deposits | 440,880,000 | 446,075,000 | 452,928,000 | 488,552,000 |
| Noninterest-bearing deposits | 33,597,000 | 34,820,000 | 48,721,000 | 51,199,000 |
| Equity capital | 72,635,000 | 72,871,000 | 72,173,000 | 74,687,000 |
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 | 8,371,000 | 16,094,000 | 23,819,000 | 31,518,000 |
| Interest expense | 4,949,000 | 9,192,000 | 13,370,000 | 17,498,000 |
| Net interest income | 3,422,000 | 6,902,000 | 10,449,000 | 14,020,000 |
| Noninterest income | 332,000 | 967,000 | 1,244,000 | 1,762,000 |
| Noninterest expense | 2,693,000 | 5,392,000 | 7,950,000 | 10,526,000 |
| Provision for loan losses | 890,000 | 890,000 | 2,075,000 | 2,605,000 |
| Pretax income | 171,000 | 1,587,000 | 1,668,000 | 2,663,000 |
| Income tax | 33,000 | 578,000 | 587,000 | 961,000 |
| Net income | 138,000 | 1,009,000 | 1,081,000 | 1,702,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,678,000 | 48,673,000 | 47,609,000 | 49,904,000 |
| Total capital | 51,343,000 | 52,296,000 | 52,395,000 | 54,480,000 |
| Risk-weighted assets | 497,342,000 | 486,033,000 | 501,436,000 | 526,409,000 |