Call reports 2003
GOGEBIC RANGE BANK — 2003
What GOGEBIC RANGE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 20,344,000 | 23,363,000 | 25,464,000 | 26,399,000 |
| Total loans | 13,167,000 | 16,740,000 | 19,786,000 | 21,609,000 |
| Allowance for loan losses | 132,000 | 166,000 | 198,000 | 220,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 750,000 | 794,000 | 794,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,302,000 | 20,357,000 | 22,430,000 | 23,312,000 |
| Interest-bearing deposits | 13,585,000 | 16,443,000 | 18,039,000 | 19,005,000 |
| Noninterest-bearing deposits | 3,717,000 | 3,914,000 | 4,391,000 | 4,307,000 |
| Equity capital | 3,022,000 | 2,980,000 | 3,009,000 | 3,036,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 206,000 | 465,000 | 784,000 | 1,140,000 |
| Interest expense | 68,000 | 151,000 | 241,000 | 337,000 |
| Net interest income | 138,000 | 314,000 | 543,000 | 803,000 |
| Noninterest income | 49,000 | 93,000 | 158,000 | 211,000 |
| Noninterest expense | 200,000 | 432,000 | 652,000 | 891,000 |
| Provision for loan losses | 38,000 | 72,000 | 109,000 | 132,000 |
| Pretax income | -51,000 | -97,000 | -60,000 | -9,000 |
| Income tax | -17,000 | -29,000 | -22,000 | 3,000 |
| Net income | -34,000 | -68,000 | -38,000 | -12,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,022,000 | 2,980,000 | 3,009,000 | 3,036,000 |
| Total capital | 3,154,000 | 3,146,000 | 3,207,000 | 3,256,000 |
| Risk-weighted assets | 14,226,000 | 17,168,000 | 19,759,000 | 21,445,000 |
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