Call reports 2008
AMERICANFIRST BANK — 2008
What AMERICANFIRST 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 | 77,190,000 | 85,616,000 | 103,079,000 | 93,827,000 |
| Total loans | 50,622,000 | 55,888,000 | 64,602,000 | 70,469,000 |
| Allowance for loan losses | 615,000 | 615,000 | 775,000 | 1,225,000 |
| Securities available for sale | 0 | 0 | 0 | 6,159,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,723,000 | 67,437,000 | 85,170,000 | 76,298,000 |
| Interest-bearing deposits | 55,439,000 | 64,973,000 | 81,021,000 | 73,199,000 |
| Noninterest-bearing deposits | 3,284,000 | 2,464,000 | 4,149,000 | 3,099,000 |
| Equity capital | 10,284,000 | 9,969,000 | 9,677,000 | 9,345,000 |
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 | 1,014,000 | 1,995,000 | 3,046,000 | 4,260,000 |
| Interest expense | 662,000 | 1,409,000 | 2,082,000 | 2,755,000 |
| Net interest income | 352,000 | 586,000 | 964,000 | 1,505,000 |
| Noninterest income | 9,000 | 20,000 | 36,000 | 50,000 |
| Noninterest expense | 626,000 | 1,376,000 | 2,079,000 | 2,830,000 |
| Provision for loan losses | 102,000 | 102,000 | 262,000 | 712,000 |
| Pretax income | -365,000 | -870,000 | -1,339,000 | -1,985,000 |
| Income tax | -133,000 | -315,000 | -484,000 | -736,000 |
| Net income | -232,000 | -555,000 | -855,000 | -1,249,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,107,000 | 8,610,000 | 8,149,000 | 7,546,000 |
| Total capital | 9,722,000 | 9,225,000 | 8,924,000 | 8,490,000 |
| Risk-weighted assets | 56,471,000 | 63,379,000 | 73,086,000 | 74,448,000 |