Call reports 2008
GLOBAL INNOVATIONS BANK — 2008
What GLOBAL INNOVATIONS 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 | 19,493,000 | 18,410,000 | 18,660,000 | 19,762,000 |
| Total loans | 13,217,000 | 13,327,000 | 13,628,000 | 13,305,000 |
| Allowance for loan losses | 158,000 | 145,000 | 162,000 | 176,000 |
| Securities available for sale | 2,321,000 | 2,174,000 | 2,105,000 | 2,044,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,433,000 | 16,535,000 | 16,785,000 | 17,992,000 |
| Interest-bearing deposits | 15,841,000 | 14,872,000 | 14,791,000 | 15,684,000 |
| Noninterest-bearing deposits | 1,592,000 | 1,663,000 | 1,994,000 | 2,308,000 |
| Equity capital | 1,976,000 | 1,807,000 | 1,799,000 | 1,708,000 |
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 | 294,000 | 556,000 | 822,000 | 1,070,000 |
| Interest expense | 112,000 | 211,000 | 305,000 | 388,000 |
| Net interest income | 182,000 | 345,000 | 517,000 | 682,000 |
| Noninterest income | 9,000 | 17,000 | 23,000 | 31,000 |
| Noninterest expense | 154,000 | 324,000 | 490,000 | 658,000 |
| Provision for loan losses | 0 | 140,000 | 165,000 | 265,000 |
| Pretax income | 37,000 | -102,000 | -115,000 | -210,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 37,000 | -102,000 | -115,000 | -210,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,956,000 | 1,817,000 | 1,805,000 | 1,710,000 |
| Total capital | 2,114,000 | 1,962,000 | 1,967,000 | 1,881,000 |
| Risk-weighted assets | 13,868,000 | 13,614,000 | 13,690,000 | 13,577,000 |