Call reports 2009
LOTUS BANK — 2009
What LOTUS BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 40,174,000 | 47,355,000 | 52,285,000 | 57,152,000 |
| Total loans | 27,789,000 | 33,419,000 | 44,817,000 | 47,878,000 |
| Allowance for loan losses | 348,000 | 402,000 | 538,000 | 780,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,014,000 | 39,425,000 | 44,531,000 | 49,610,000 |
| Interest-bearing deposits | 28,323,000 | 34,659,000 | 40,243,000 | 44,393,000 |
| Noninterest-bearing deposits | 3,691,000 | 4,766,000 | 4,288,000 | 5,217,000 |
| Equity capital | 8,030,000 | 7,796,000 | 7,589,000 | 7,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 400,000 | 875,000 | 1,514,000 | 2,286,000 |
| Interest expense | 174,000 | 362,000 | 547,000 | 753,000 |
| Net interest income | 226,000 | 513,000 | 967,000 | 1,533,000 |
| Noninterest income | 8,000 | 28,000 | 35,000 | 51,000 |
| Noninterest expense | 466,000 | 953,000 | 1,484,000 | 2,039,000 |
| Provision for loan losses | 36,000 | 90,000 | 226,000 | 468,000 |
| Pretax income | -268,000 | -502,000 | -708,000 | -923,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -268,000 | -502,000 | -708,000 | -923,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,030,000 | 7,796,000 | 7,589,000 | 7,374,000 |
| Total capital | 8,378,000 | 8,198,000 | 8,127,000 | 8,030,000 |
| Risk-weighted assets | 34,003,000 | 39,591,000 | 48,979,000 | 52,331,000 |