Call reports 2008
WEST GATE BANK — 2008
What WEST GATE 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 | 270,051,000 | 260,034,000 | 263,746,000 | 265,022,000 |
| Total loans | 220,261,000 | 219,285,000 | 234,523,000 | 232,398,000 |
| Allowance for loan losses | 4,017,000 | 3,977,000 | 3,459,000 | 3,498,000 |
| Securities available for sale | 2,001,000 | 0 | 0 | 0 |
| Securities held to maturity | 4,082,000 | 5,044,000 | 5,043,000 | 7,984,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 206,767,000 | 196,785,000 | 195,265,000 | 195,132,000 |
| Interest-bearing deposits | 178,283,000 | 167,214,000 | 166,272,000 | 163,156,000 |
| Noninterest-bearing deposits | 28,484,000 | 29,571,000 | 28,993,000 | 31,976,000 |
| Equity capital | 24,619,000 | 24,863,000 | 24,793,000 | 24,990,000 |
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 | 4,066,000 | 7,880,000 | 11,685,000 | 15,377,000 |
| Interest expense | 2,007,000 | 3,772,000 | 5,556,000 | 7,125,000 |
| Net interest income | 2,059,000 | 4,108,000 | 6,129,000 | 8,252,000 |
| Noninterest income | 381,000 | 840,000 | 1,213,000 | 1,571,000 |
| Noninterest expense | 2,078,000 | 4,028,000 | 6,173,000 | 8,407,000 |
| Provision for loan losses | 29,000 | 42,000 | 61,000 | 111,000 |
| Pretax income | 333,000 | 878,000 | 1,108,000 | 1,305,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 333,000 | 878,000 | 1,108,000 | 1,305,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,618,000 | 24,863,000 | 24,793,000 | 24,990,000 |
| Total capital | 27,457,000 | 27,679,000 | 27,734,000 | 27,926,000 |
| Risk-weighted assets | 225,915,000 | 224,129,000 | 234,736,000 | 235,355,000 |