Call reports 2006
WEST GATE BANK — 2006
What WEST GATE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 268,191,000 | 269,233,000 | 270,286,000 | 252,290,000 |
| Total loans | 216,430,000 | 216,776,000 | 208,753,000 | 197,371,000 |
| Allowance for loan losses | 3,658,000 | 3,828,000 | 3,625,000 | 3,670,000 |
| Securities available for sale | 8,803,000 | 4,885,000 | 4,934,000 | 2,952,000 |
| Securities held to maturity | 19,600,000 | 19,600,000 | 19,600,000 | 15,600,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,231,000 | 202,432,000 | 206,647,000 | 205,201,000 |
| Interest-bearing deposits | 174,866,000 | 175,662,000 | 177,507,000 | 173,206,000 |
| Noninterest-bearing deposits | 25,365,000 | 26,770,000 | 29,140,000 | 31,995,000 |
| Equity capital | 23,069,000 | 23,212,000 | 23,178,000 | 23,524,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 3,812,000 | 7,912,000 | 12,159,000 | 16,316,000 |
| Interest expense | 1,832,000 | 3,836,000 | 5,962,000 | 8,098,000 |
| Net interest income | 1,980,000 | 4,076,000 | 6,197,000 | 8,218,000 |
| Noninterest income | 250,000 | 547,000 | 851,000 | 1,141,000 |
| Noninterest expense | 1,804,000 | 3,641,000 | 5,793,000 | 7,698,000 |
| Provision for loan losses | 60,000 | 250,000 | 400,000 | 475,000 |
| Pretax income | 366,000 | 628,000 | 751,000 | 1,082,000 |
| Income tax | 0 | 0 | -44,000 | -44,000 |
| Net income | 366,000 | 628,000 | 795,000 | 1,126,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,263,000 | 23,324,000 | 23,241,000 | 23,572,000 |
| Total capital | 25,943,000 | 26,027,000 | 25,884,000 | 26,073,000 |
| Risk-weighted assets | 213,431,000 | 215,123,000 | 210,439,000 | 198,878,000 |