Call reports 2007
WEST GATE BANK — 2007
What WEST GATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 261,633,000 | 257,411,000 | 252,807,000 | 270,365,000 |
| Total loans | 205,675,000 | 205,199,000 | 209,450,000 | 211,726,000 |
| Allowance for loan losses | 3,735,000 | 3,806,000 | 3,689,000 | 3,955,000 |
| Securities available for sale | 2,966,000 | 1,974,000 | 1,991,000 | 1,999,000 |
| Securities held to maturity | 14,100,000 | 14,100,000 | 10,600,000 | 7,600,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,559,000 | 217,777,000 | 212,760,000 | 209,036,000 |
| Interest-bearing deposits | 191,122,000 | 186,443,000 | 185,245,000 | 177,678,000 |
| Noninterest-bearing deposits | 32,437,000 | 31,334,000 | 27,515,000 | 31,358,000 |
| Equity capital | 23,629,000 | 24,031,000 | 24,224,000 | 24,634,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,985,000 | 8,185,000 | 12,451,000 | 16,680,000 |
| Interest expense | 1,961,000 | 4,020,000 | 6,088,000 | 8,082,000 |
| Net interest income | 2,024,000 | 4,165,000 | 6,363,000 | 8,598,000 |
| Noninterest income | 227,000 | 502,000 | 749,000 | 1,056,000 |
| Noninterest expense | 1,935,000 | 3,639,000 | 5,577,000 | 7,576,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 255,000 |
| Pretax income | 241,000 | 878,000 | 1,310,000 | 1,823,000 |
| Income tax | 0 | 0 | -44,000 | -44,000 |
| Net income | 241,000 | 878,000 | 1,354,000 | 1,867,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,663,000 | 24,057,000 | 24,233,000 | 24,635,000 |
| Total capital | 26,277,000 | 26,664,000 | 26,881,000 | 27,471,000 |
| Risk-weighted assets | 208,002,000 | 207,330,000 | 210,760,000 | 225,777,000 |