Call reports 2008
PROVIDENCE BANK — 2008
What PROVIDENCE 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 | 77,808,000 | 83,811,000 | 91,728,000 | 96,678,000 |
| Total loans | 43,276,000 | 67,150,000 | 71,244,000 | 78,006,000 |
| Allowance for loan losses | 462,000 | 795,000 | 825,000 | 937,000 |
| Securities available for sale | 5,474,000 | 4,676,000 | 4,551,000 | 4,499,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,624,000 | 56,849,000 | 63,220,000 | 69,242,000 |
| Interest-bearing deposits | 57,800,000 | 50,901,000 | 57,745,000 | 60,477,000 |
| Noninterest-bearing deposits | 5,824,000 | 5,948,000 | 5,475,000 | 8,765,000 |
| Equity capital | 13,759,000 | 13,575,000 | 13,890,000 | 14,068,000 |
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 | 899,000 | 1,973,000 | 3,168,000 | 4,411,000 |
| Interest expense | 440,000 | 871,000 | 1,322,000 | 1,754,000 |
| Net interest income | 459,000 | 1,102,000 | 1,846,000 | 2,657,000 |
| Noninterest income | 70,000 | 108,000 | 194,000 | 248,000 |
| Noninterest expense | 590,000 | 1,018,000 | 1,519,000 | 2,055,000 |
| Provision for loan losses | 74,000 | 413,000 | 437,000 | 634,000 |
| Pretax income | -133,000 | -217,000 | 90,000 | 223,000 |
| Income tax | 0 | 1,000 | 2,000 | 3,000 |
| Net income | -133,000 | -218,000 | 88,000 | 220,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,024,000 | 8,958,000 | 9,282,000 | 9,432,000 |
| Total capital | 9,486,000 | 9,753,000 | 10,107,000 | 10,369,000 |
| Risk-weighted assets | 44,567,000 | 65,397,000 | 70,651,000 | 75,673,000 |