Call reports 2010
WEST GATE BANK — 2010
What WEST GATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 279,475,000 | 273,310,000 | 282,103,000 | 294,228,000 |
| Total loans | 223,628,000 | 225,762,000 | 235,036,000 | 223,853,000 |
| Allowance for loan losses | 3,726,000 | 3,819,000 | 3,979,000 | 3,525,000 |
| Securities available for sale | 1,248,000 | 1,708,000 | 3,728,000 | 5,115,000 |
| Securities held to maturity | 7,792,000 | 7,788,000 | 7,784,000 | 6,781,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,958,000 | 212,374,000 | 218,246,000 | 232,661,000 |
| Interest-bearing deposits | 178,795,000 | 172,311,000 | 181,714,000 | 191,205,000 |
| Noninterest-bearing deposits | 38,163,000 | 40,063,000 | 36,532,000 | 41,456,000 |
| Equity capital | 26,340,000 | 26,539,000 | 26,533,000 | 27,257,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,452,000 | 6,967,000 | 10,626,000 | 14,129,000 |
| Interest expense | 1,167,000 | 2,162,000 | 3,186,000 | 4,168,000 |
| Net interest income | 2,285,000 | 4,805,000 | 7,440,000 | 9,961,000 |
| Noninterest income | 466,000 | 1,028,000 | 1,628,000 | 3,416,000 |
| Noninterest expense | 2,064,000 | 4,120,000 | 6,361,000 | 8,924,000 |
| Provision for loan losses | 330,000 | 660,000 | 1,042,000 | 1,683,000 |
| Pretax income | 357,000 | 1,053,000 | 1,665,000 | 2,770,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 357,000 | 1,053,000 | 1,665,000 | 2,551,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,340,000 | 26,536,000 | 26,498,000 | 27,285,000 |
| Total capital | 29,279,000 | 29,530,000 | 29,669,000 | 30,689,000 |
| Risk-weighted assets | 234,353,000 | 238,681,000 | 252,867,000 | 272,515,000 |