Call reports 2002
GRANDSOUTH BANK — 2002
What GRANDSOUTH BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 122,580,000 | 124,343,000 | 129,705,000 | 141,500,000 |
| Total loans | 97,123,000 | 99,584,000 | 104,439,000 | 110,939,000 |
| Allowance for loan losses | 1,390,000 | 1,086,000 | 1,220,000 | 1,395,000 |
| Securities available for sale | 10,378,000 | 11,129,000 | 11,170,000 | 17,658,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,817,000 | 102,615,000 | 107,742,000 | 119,273,000 |
| Interest-bearing deposits | 94,595,000 | 96,016,000 | 101,285,000 | 111,187,000 |
| Noninterest-bearing deposits | 6,223,000 | 6,599,000 | 6,458,000 | 8,086,000 |
| Equity capital | 11,740,000 | 12,095,000 | 12,370,000 | 12,535,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,022,000 | 4,030,000 | 6,151,000 | 8,297,000 |
| Interest expense | 856,000 | 1,710,000 | 2,554,000 | 3,463,000 |
| Net interest income | 1,166,000 | 2,320,000 | 3,597,000 | 4,834,000 |
| Noninterest income | 96,000 | 207,000 | 315,000 | 443,000 |
| Noninterest expense | 788,000 | 1,565,000 | 2,416,000 | 3,284,000 |
| Provision for loan losses | 330,000 | 430,000 | 580,000 | 805,000 |
| Pretax income | 144,000 | 532,000 | 916,000 | 1,188,000 |
| Income tax | 78,000 | 239,000 | 403,000 | 506,000 |
| Net income | 66,000 | 293,000 | 513,000 | 682,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,732,000 | 11,959,000 | 12,179,000 | 12,348,000 |
| Total capital | 13,029,000 | 13,045,000 | 13,399,000 | 13,743,000 |
| Risk-weighted assets | 103,670,000 | 107,287,000 | 108,010,000 | 118,289,000 |
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