Call reports 2008
BAC COMMUNITY BANK — 2008
What BAC COMMUNITY 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 | 413,193,000 | 409,984,000 | 425,585,000 | 431,375,000 |
| Total loans | 314,276,000 | 324,772,000 | 341,408,000 | 343,986,000 |
| Allowance for loan losses | 2,876,000 | 2,777,000 | 2,851,000 | 3,471,000 |
| Securities available for sale | 62,866,000 | 50,668,000 | 47,956,000 | 46,818,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 346,458,000 | 333,564,000 | 340,550,000 | 358,346,000 |
| Interest-bearing deposits | 233,370,000 | 226,242,000 | 231,372,000 | 243,474,000 |
| Noninterest-bearing deposits | 113,088,000 | 107,322,000 | 109,178,000 | 114,872,000 |
| Equity capital | 39,397,000 | 39,508,000 | 39,565,000 | 41,199,000 |
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 | 6,062,000 | 11,856,000 | 17,844,000 | 23,798,000 |
| Interest expense | 1,461,000 | 2,546,000 | 3,688,000 | 4,722,000 |
| Net interest income | 4,601,000 | 9,310,000 | 14,156,000 | 19,076,000 |
| Noninterest income | 770,000 | 1,640,000 | 2,656,000 | 3,473,000 |
| Noninterest expense | 3,691,000 | 7,361,000 | 11,118,000 | 14,928,000 |
| Provision for loan losses | 0 | 0 | 154,000 | 824,000 |
| Pretax income | 1,681,000 | 3,642,000 | 5,629,000 | 6,912,000 |
| Income tax | 56,000 | 123,000 | 193,000 | 237,000 |
| Net income | 1,625,000 | 3,519,000 | 5,436,000 | 6,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,394,000 | 38,605,000 | 39,606,000 | 40,234,000 |
| Total capital | 40,470,000 | 41,582,000 | 42,507,000 | 43,755,000 |
| Risk-weighted assets | 353,209,000 | 357,131,000 | 375,972,000 | 377,104,000 |