Call reports 2008
TOWER BANK & TRUST COMPANY — 2008
What TOWER BANK & TRUST COMPANY 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 | 687,243,000 | 691,288,000 | 691,632,000 | 692,839,000 |
| Total loans | 562,812,000 | 554,607,000 | 555,459,000 | 561,163,000 |
| Allowance for loan losses | 8,925,000 | 8,869,000 | 9,278,000 | 10,654,000 |
| Securities available for sale | 66,773,000 | 72,057,000 | 75,778,000 | 75,331,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 593,080,000 | 605,037,000 | 574,866,000 | 588,040,000 |
| Interest-bearing deposits | 519,440,000 | 516,938,000 | 487,392,000 | 504,981,000 |
| Noninterest-bearing deposits | 73,640,000 | 88,099,000 | 87,474,000 | 83,059,000 |
| Equity capital | 57,813,000 | 57,363,000 | 60,192,000 | 61,475,000 |
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 | 10,266,000 | 19,557,000 | 28,856,000 | 37,686,000 |
| Interest expense | 4,937,000 | 8,676,000 | 12,291,000 | 15,692,000 |
| Net interest income | 5,329,000 | 10,881,000 | 16,565,000 | 21,994,000 |
| Noninterest income | 704,000 | 1,408,000 | 2,199,000 | 2,998,000 |
| Noninterest expense | 4,625,000 | 9,329,000 | 13,635,000 | 17,901,000 |
| Provision for loan losses | 300,000 | 1,175,000 | 3,174,000 | 4,399,000 |
| Pretax income | 1,168,000 | 1,845,000 | 2,021,000 | 2,756,000 |
| Income tax | 303,000 | 359,000 | 219,000 | 300,000 |
| Net income | 865,000 | 1,486,000 | 1,802,000 | 2,456,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,836,000 | 57,457,000 | 61,024,000 | 61,038,000 |
| Total capital | 64,033,000 | 64,522,000 | 68,058,000 | 68,181,000 |
| Risk-weighted assets | 574,025,000 | 563,382,000 | 560,529,000 | 567,925,000 |