Call reports 2007
PROVIDENCE BANK — 2007
What PROVIDENCE 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 | 42,240,000 | 43,063,000 | 44,362,000 | 50,807,000 |
| Total loans | 20,514,000 | 21,121,000 | 25,706,000 | 33,479,000 |
| Allowance for loan losses | 284,000 | 285,000 | 289,000 | 388,000 |
| Securities available for sale | 7,759,000 | 7,050,000 | 7,525,000 | 6,407,000 |
| Securities held to maturity | 250,000 | 249,000 | 249,000 | 249,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,768,000 | 33,647,000 | 34,977,000 | 41,724,000 |
| Interest-bearing deposits | 27,038,000 | 27,937,000 | 29,537,000 | 35,634,000 |
| Noninterest-bearing deposits | 5,730,000 | 5,709,000 | 5,440,000 | 6,090,000 |
| Equity capital | 9,305,000 | 9,208,000 | 9,141,000 | 8,830,000 |
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 | 429,000 | 1,024,000 | 1,635,000 | 2,370,000 |
| Interest expense | 173,000 | 422,000 | 684,000 | 1,023,000 |
| Net interest income | 256,000 | 602,000 | 951,000 | 1,347,000 |
| Noninterest income | 37,000 | 115,000 | 180,000 | 253,000 |
| Noninterest expense | 314,000 | 777,000 | 1,300,000 | 1,970,000 |
| Provision for loan losses | 4,000 | 9,000 | 12,000 | 155,000 |
| Pretax income | -27,000 | -54,000 | -163,000 | -505,000 |
| Income tax | 2,000 | 3,000 | 3,000 | 3,000 |
| Net income | -29,000 | -57,000 | -166,000 | -508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,562,000 | 4,553,000 | 4,462,000 | 4,139,000 |
| Total capital | 4,816,000 | 4,813,000 | 4,751,000 | 4,527,000 |
| Risk-weighted assets | 20,301,000 | 20,786,000 | 25,218,000 | 32,217,000 |