Call reports 2007
AMERICANFIRST BANK — 2007
What AMERICANFIRST 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 | 43,450,000 | 58,825,000 | 61,951,000 | 58,145,000 |
| Total loans | 30,543,000 | 35,083,000 | 36,667,000 | 41,006,000 |
| Allowance for loan losses | 408,000 | 439,000 | 459,000 | 513,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,778,000 | 3,513,000 | 3,232,000 | 2,975,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,473,000 | 39,922,000 | 43,136,000 | 39,518,000 |
| Interest-bearing deposits | 27,476,000 | 37,274,000 | 41,110,000 | 37,259,000 |
| Noninterest-bearing deposits | 1,997,000 | 2,648,000 | 2,026,000 | 2,259,000 |
| Equity capital | 10,911,000 | 10,785,000 | 10,655,000 | 10,508,000 |
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 | 666,000 | 1,544,000 | 2,549,000 | 3,482,000 |
| Interest expense | 292,000 | 760,000 | 1,353,000 | 1,896,000 |
| Net interest income | 374,000 | 784,000 | 1,196,000 | 1,586,000 |
| Noninterest income | 4,000 | 9,000 | 18,000 | 27,000 |
| Noninterest expense | 519,000 | 1,161,000 | 1,782,000 | 2,371,000 |
| Provision for loan losses | 0 | 31,000 | 51,000 | 105,000 |
| Pretax income | -141,000 | -399,000 | -619,000 | -863,000 |
| Income tax | -52,000 | -141,000 | -222,000 | -313,000 |
| Net income | -89,000 | -258,000 | -397,000 | -550,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,129,000 | 9,914,000 | 9,702,000 | 9,464,000 |
| Total capital | 10,533,000 | 10,353,000 | 10,161,000 | 9,977,000 |
| Risk-weighted assets | 32,393,000 | 39,725,000 | 41,708,000 | 44,729,000 |