Call reports 2008
STATE BANK OF NIANTIC — 2008
What STATE BANK OF NIANTIC 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 | 56,380,000 | 56,515,000 | 57,817,000 | 56,002,000 |
| Total loans | 38,754,000 | 40,165,000 | 41,930,000 | 41,381,000 |
| Allowance for loan losses | 431,000 | 434,000 | 452,000 | 425,000 |
| Securities available for sale | 8,838,000 | 10,078,000 | 11,376,000 | 11,752,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,949,000 | 46,236,000 | 46,681,000 | 44,406,000 |
| Interest-bearing deposits | 41,675,000 | 42,390,000 | 42,453,000 | 40,245,000 |
| Noninterest-bearing deposits | 4,274,000 | 3,846,000 | 4,228,000 | 4,161,000 |
| Equity capital | 9,462,000 | 9,275,000 | 9,569,000 | 9,905,000 |
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 | 954,000 | 1,904,000 | 2,882,000 | 3,846,000 |
| Interest expense | 368,000 | 716,000 | 1,053,000 | 1,371,000 |
| Net interest income | 586,000 | 1,188,000 | 1,829,000 | 2,475,000 |
| Noninterest income | 157,000 | 345,000 | 529,000 | 731,000 |
| Noninterest expense | 335,000 | 658,000 | 1,011,000 | 1,341,000 |
| Provision for loan losses | 50,000 | 80,000 | 120,000 | 170,000 |
| Pretax income | 358,000 | 795,000 | 1,227,000 | 1,695,000 |
| Income tax | 2,000 | 5,000 | 7,000 | 10,000 |
| Net income | 356,000 | 790,000 | 1,220,000 | 1,685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,218,000 | 9,269,000 | 9,513,000 | 9,712,000 |
| Total capital | 9,649,000 | 9,703,000 | 9,965,000 | 10,137,000 |
| Risk-weighted assets | 37,411,000 | 38,593,000 | 40,201,000 | 39,180,000 |