Call reports 2008
EQUITABLE CO-OPERATIVE BANK — 2008
What EQUITABLE CO-OPERATIVE 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 | 97,542,000 | 101,364,000 | 99,526,000 | 95,142,000 |
| Total loans | 55,496,000 | 55,125,000 | 55,635,000 | 56,743,000 |
| Allowance for loan losses | 349,000 | 348,000 | 466,000 | 605,000 |
| Securities available for sale | 27,959,000 | 29,306,000 | 27,391,000 | 24,664,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,664,000 | 70,063,000 | 68,009,000 | 68,471,000 |
| Interest-bearing deposits | 66,139,000 | 67,261,000 | 65,737,000 | 65,906,000 |
| Noninterest-bearing deposits | 2,525,000 | 2,802,000 | 2,272,000 | 2,565,000 |
| Equity capital | 12,657,000 | 12,616,000 | 10,747,000 | 9,432,000 |
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 | 1,256,000 | 2,464,000 | 3,748,000 | 4,989,000 |
| Interest expense | 600,000 | 1,155,000 | 1,706,000 | 2,235,000 |
| Net interest income | 656,000 | 1,309,000 | 2,042,000 | 2,754,000 |
| Noninterest income | 122,000 | 235,000 | 323,000 | 407,000 |
| Noninterest expense | 677,000 | 1,367,000 | 2,056,000 | 2,843,000 |
| Provision for loan losses | 22,000 | 22,000 | 313,000 | 663,000 |
| Pretax income | 88,000 | 164,000 | -1,233,000 | -2,169,000 |
| Income tax | 5,000 | -208,000 | -248,000 | -257,000 |
| Net income | 83,000 | 372,000 | -985,000 | -1,912,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,555,000 | 10,789,000 | 9,282,000 | 8,278,000 |
| Total capital | 10,904,000 | 11,137,000 | 9,748,000 | 8,883,000 |
| Risk-weighted assets | 64,100,000 | 66,855,000 | 64,355,000 | 63,708,000 |