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 | 75,282,000 | 88,121,000 | 95,026,000 | 99,746,000 |
| Total loans | 57,511,000 | 71,791,000 | 72,271,000 | 82,186,000 |
| Allowance for loan losses | 661,000 | 829,000 | 965,000 | 1,109,000 |
| Securities available for sale | 6,804,000 | 7,503,000 | 9,456,000 | 11,270,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,801,000 | 68,531,000 | 74,196,000 | 76,169,000 |
| Interest-bearing deposits | 57,128,000 | 65,249,000 | 70,959,000 | 74,167,000 |
| Noninterest-bearing deposits | 3,673,000 | 3,282,000 | 3,237,000 | 2,002,000 |
| Equity capital | 13,635,000 | 13,684,000 | 14,905,000 | 15,044,000 |
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 | 1,236,000 | 2,805,000 | 4,662,000 | 6,489,000 |
| Interest expense | 603,000 | 1,431,000 | 2,442,000 | 3,458,000 |
| Net interest income | 633,000 | 1,374,000 | 2,220,000 | 3,031,000 |
| Noninterest income | 7,000 | 39,000 | 79,000 | 105,000 |
| Noninterest expense | 436,000 | 907,000 | 1,456,000 | 2,013,000 |
| Provision for loan losses | 163,000 | 331,000 | 467,000 | 611,000 |
| Pretax income | 41,000 | 175,000 | 376,000 | 512,000 |
| Income tax | 0 | 0 | -398,000 | -342,000 |
| Net income | 41,000 | 175,000 | 774,000 | 854,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,612,000 | 13,745,000 | 14,852,000 | 14,957,000 |
| Total capital | 14,273,000 | 14,574,000 | 15,817,000 | 16,066,000 |
| Risk-weighted assets | 61,952,000 | 80,252,000 | 83,671,000 | 92,277,000 |