Call reports 2008
LOTUS BANK — 2008
What LOTUS 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 | 19,261,000 | 21,900,000 | 25,110,000 | 34,350,000 |
| Total loans | 11,214,000 | 14,606,000 | 19,497,000 | 25,400,000 |
| Allowance for loan losses | 114,000 | 222,000 | 241,000 | 314,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,831,000 | 12,941,000 | 16,399,000 | 25,953,000 |
| Interest-bearing deposits | 8,109,000 | 10,027,000 | 13,506,000 | 22,294,000 |
| Noninterest-bearing deposits | 1,722,000 | 2,914,000 | 2,893,000 | 3,659,000 |
| Equity capital | 9,355,000 | 8,912,000 | 8,630,000 | 8,298,000 |
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 | 220,000 | 434,000 | 711,000 | 1,047,000 |
| Interest expense | 72,000 | 140,000 | 226,000 | 368,000 |
| Net interest income | 148,000 | 294,000 | 485,000 | 679,000 |
| Noninterest income | 10,000 | 16,000 | 26,000 | 39,000 |
| Noninterest expense | 465,000 | 952,000 | 1,416,000 | 1,882,000 |
| Provision for loan losses | 26,000 | 134,000 | 153,000 | 226,000 |
| Pretax income | -333,000 | -776,000 | -1,058,000 | -1,390,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -333,000 | -776,000 | -1,058,000 | -1,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,355,000 | 8,912,000 | 8,630,000 | 8,298,000 |
| Total capital | 9,469,000 | 9,134,000 | 8,871,000 | 8,612,000 |
| Risk-weighted assets | 16,814,000 | 20,072,000 | 24,195,000 | 30,731,000 |