Call reports 2008
BANKWELL BANK — 2008
What BANKWELL 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 | 201,378,000 | 208,825,000 | 226,068,000 | 230,533,000 |
| Total loans | 155,454,000 | 160,076,000 | 179,691,000 | 184,631,000 |
| Allowance for loan losses | 1,600,000 | 1,925,000 | 2,300,000 | 2,700,000 |
| Securities available for sale | 22,963,000 | 33,584,000 | 32,093,000 | 30,975,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,071,000 | 157,581,000 | 145,906,000 | 159,394,000 |
| Interest-bearing deposits | 132,932,000 | 127,941,000 | 115,684,000 | 123,733,000 |
| Noninterest-bearing deposits | 29,139,000 | 29,640,000 | 30,222,000 | 35,661,000 |
| Equity capital | 16,217,000 | 16,290,000 | 16,391,000 | 17,068,000 |
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 | 2,853,000 | 5,761,000 | 8,891,000 | 12,106,000 |
| Interest expense | 993,000 | 1,825,000 | 2,685,000 | 3,515,000 |
| Net interest income | 1,860,000 | 3,936,000 | 6,206,000 | 8,591,000 |
| Noninterest income | 172,000 | 304,000 | 500,000 | 593,000 |
| Noninterest expense | 1,490,000 | 3,063,000 | 4,673,000 | 6,051,000 |
| Provision for loan losses | 150,000 | 475,000 | 865,000 | 1,269,000 |
| Pretax income | 392,000 | 702,000 | 1,168,000 | 1,864,000 |
| Income tax | 161,000 | 289,000 | 477,000 | 743,000 |
| Net income | 231,000 | 413,000 | 691,000 | 1,121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,111,000 | 16,353,000 | 16,689,000 | 17,140,000 |
| Total capital | 17,681,000 | 18,019,000 | 18,562,000 | 19,096,000 |
| Risk-weighted assets | 130,885,000 | 135,373,000 | 149,435,000 | 155,771,000 |