Call reports 2008
FORTUNE BANK — 2008
What FORTUNE 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 | 58,723,000 | 64,345,000 | 69,443,000 | 77,529,000 |
| Total loans | 51,947,000 | 55,813,000 | 62,618,000 | 67,448,000 |
| Allowance for loan losses | 757,000 | 827,000 | 943,000 | 990,000 |
| Securities available for sale | 3,036,000 | 3,013,000 | 2,507,000 | 2,965,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,547,000 | 42,359,000 | 47,671,000 | 56,102,000 |
| Interest-bearing deposits | 32,058,000 | 38,140,000 | 43,838,000 | 50,187,000 |
| Noninterest-bearing deposits | 4,489,000 | 4,219,000 | 3,833,000 | 5,915,000 |
| Equity capital | 21,917,000 | 21,638,000 | 21,390,000 | 20,998,000 |
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 | 926,000 | 1,839,000 | 2,844,000 | 3,846,000 |
| Interest expense | 253,000 | 509,000 | 813,000 | 1,129,000 |
| Net interest income | 673,000 | 1,330,000 | 2,031,000 | 2,717,000 |
| Noninterest income | 226,000 | 336,000 | 472,000 | 530,000 |
| Noninterest expense | 1,024,000 | 2,050,000 | 3,058,000 | 4,073,000 |
| Provision for loan losses | 207,000 | 277,000 | 393,000 | 523,000 |
| Pretax income | -332,000 | -661,000 | -948,000 | -1,398,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -332,000 | -661,000 | -948,000 | -1,398,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,848,000 | 21,585,000 | 21,343,000 | 20,936,000 |
| Total capital | 22,605,000 | 22,412,000 | 22,219,000 | 21,870,000 |
| Risk-weighted assets | 60,355,000 | 65,563,000 | 70,035,000 | 74,659,000 |