Call reports 2007
LOTUS BANK — 2007
What LOTUS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 13,750,000 | 15,891,000 | 20,114,000 | 19,271,000 |
| Total loans | 0 | 2,161,000 | 5,362,000 | 9,102,000 |
| Allowance for loan losses | 0 | 27,000 | 58,000 | 88,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,271,000 | 5,695,000 | 10,144,000 | 9,543,000 |
| Interest-bearing deposits | 2,555,000 | 5,096,000 | 8,768,000 | 8,098,000 |
| Noninterest-bearing deposits | 716,000 | 599,000 | 1,376,000 | 1,445,000 |
| Equity capital | 10,438,000 | 10,179,000 | 9,934,000 | 9,688,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 50,000 | 239,000 | 468,000 | 725,000 |
| Interest expense | 4,000 | 54,000 | 121,000 | 213,000 |
| Net interest income | 46,000 | 185,000 | 347,000 | 512,000 |
| Noninterest income | 0 | 1,000 | 4,000 | 7,000 |
| Noninterest expense | 108,000 | 480,000 | 859,000 | 1,243,000 |
| Provision for loan losses | 0 | 27,000 | 58,000 | 88,000 |
| Pretax income | -62,000 | -321,000 | -566,000 | -812,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -62,000 | -321,000 | -566,000 | -812,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,438,000 | 10,179,000 | 9,934,000 | 9,688,000 |
| Total capital | 10,438,000 | 10,206,000 | 9,992,000 | 9,776,000 |
| Risk-weighted assets | 3,727,000 | 13,095,000 | 18,131,000 | 15,414,000 |