Call reports 2008
FREEPORT STATE BANK — 2008
What FREEPORT STATE 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 | 16,856,000 | 16,232,000 | 17,897,000 | 19,231,000 |
| Total loans | 9,111,000 | 9,453,000 | 8,835,000 | 9,273,000 |
| Allowance for loan losses | 58,000 | 58,000 | 123,000 | 123,000 |
| Securities available for sale | 5,690,000 | 5,253,000 | 7,101,000 | 6,978,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,366,000 | 14,964,000 | 16,777,000 | 18,016,000 |
| Interest-bearing deposits | 13,045,000 | 12,574,000 | 13,906,000 | 15,712,000 |
| Noninterest-bearing deposits | 2,321,000 | 2,390,000 | 2,871,000 | 2,304,000 |
| Equity capital | 1,110,000 | 1,026,000 | 1,027,000 | 1,082,000 |
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 | 271,000 | 514,000 | 751,000 | 982,000 |
| Interest expense | 103,000 | 174,000 | 244,000 | 306,000 |
| Net interest income | 168,000 | 340,000 | 507,000 | 676,000 |
| Noninterest income | 22,000 | 49,000 | 77,000 | 120,000 |
| Noninterest expense | 157,000 | 322,000 | 486,000 | 669,000 |
| Provision for loan losses | 0 | 0 | 65,000 | 65,000 |
| Pretax income | 62,000 | 100,000 | 63,000 | 91,000 |
| Income tax | 5,000 | 9,000 | 10,000 | 35,000 |
| Net income | 57,000 | 91,000 | 53,000 | 56,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,037,000 | 1,071,000 | 1,033,000 | 1,007,000 |
| Total capital | 1,095,000 | 1,129,000 | 1,156,000 | 1,130,000 |
| Risk-weighted assets | 9,765,000 | 10,067,000 | 10,039,000 | 10,437,000 |