Call reports 2009
PROVIDENCE BANK — 2009
What PROVIDENCE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 115,628,000 | 126,617,000 | 126,535,000 | 125,108,000 |
| Total loans | 95,072,000 | 94,136,000 | 93,225,000 | 91,739,000 |
| Allowance for loan losses | 2,270,000 | 1,414,000 | 1,515,000 | 1,700,000 |
| Securities available for sale | 7,650,000 | 12,896,000 | 12,280,000 | 11,510,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,945,000 | 102,083,000 | 102,590,000 | 102,580,000 |
| Interest-bearing deposits | 87,664,000 | 98,956,000 | 99,871,000 | 99,734,000 |
| Noninterest-bearing deposits | 3,281,000 | 3,127,000 | 2,718,000 | 2,847,000 |
| Equity capital | 13,847,000 | 13,562,000 | 13,021,000 | 11,735,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,176,000 | 2,477,000 | 3,745,000 | 4,829,000 |
| Interest expense | 818,000 | 1,657,000 | 2,466,000 | 3,238,000 |
| Net interest income | 358,000 | 820,000 | 1,279,000 | 1,591,000 |
| Noninterest income | 14,000 | 20,000 | -27,000 | -1,166,000 |
| Noninterest expense | 720,000 | 1,525,000 | 2,272,000 | 2,988,000 |
| Provision for loan losses | 280,000 | 305,000 | 935,000 | 1,361,000 |
| Pretax income | -628,000 | -990,000 | -1,955,000 | -3,924,000 |
| Income tax | -237,000 | -379,000 | -712,000 | -1,391,000 |
| Net income | -391,000 | -611,000 | -1,243,000 | -2,533,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,188,000 | 11,497,000 | 10,492,000 | 8,621,000 |
| Total capital | 13,565,000 | 12,837,000 | 11,840,000 | 9,909,000 |
| Risk-weighted assets | 109,249,000 | 107,124,000 | 107,443,000 | 101,851,000 |