Call reports 2008
FOUNDERS BANK, SSB — 2008
What FOUNDERS BANK, SSB 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 | 40,926,000 | 47,707,000 | 64,135,000 | 86,264,000 |
| Total loans | 21,049,000 | 29,907,000 | 46,589,000 | 61,253,000 |
| Allowance for loan losses | 264,000 | 374,000 | 581,000 | 800,000 |
| Securities available for sale | 0 | 1,859,000 | 3,274,000 | 3,235,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,715,000 | 34,482,000 | 51,116,000 | 73,442,000 |
| Interest-bearing deposits | 22,170,000 | 24,067,000 | 39,467,000 | 60,375,000 |
| Noninterest-bearing deposits | 5,545,000 | 10,415,000 | 11,649,000 | 13,067,000 |
| Equity capital | 13,189,000 | 13,167,000 | 12,862,000 | 12,470,000 |
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 | 394,000 | 935,000 | 1,780,000 | 2,909,000 |
| Interest expense | 95,000 | 271,000 | 509,000 | 920,000 |
| Net interest income | 299,000 | 664,000 | 1,271,000 | 1,989,000 |
| Noninterest income | 1,000 | 4,000 | 9,000 | 20,000 |
| Noninterest expense | 580,000 | 1,327,000 | 2,202,000 | 3,306,000 |
| Provision for loan losses | 246,000 | 356,000 | 563,000 | 782,000 |
| Pretax income | -526,000 | -1,015,000 | -1,485,000 | -2,079,000 |
| Income tax | -95,000 | -222,000 | -313,000 | -438,000 |
| Net income | -431,000 | -793,000 | -1,172,000 | -1,641,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,189,000 | 13,222,000 | 12,853,000 | 11,739,000 |
| Total capital | 13,453,000 | 13,596,000 | 13,434,000 | 12,539,000 |
| Risk-weighted assets | 32,846,000 | 34,789,000 | 50,280,000 | 69,618,000 |