Call reports 2004
BANK OF OCEAN CITY — 2004
What BANK OF OCEAN CITY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 103,472,000 | 108,250,000 | 115,024,000 | 117,874,000 |
| Total loans | 86,121,000 | 89,086,000 | 86,603,000 | 94,102,000 |
| Allowance for loan losses | 644,000 | 674,000 | 695,000 | 724,000 |
| Securities available for sale | 1,317,000 | 1,317,000 | 1,307,000 | 1,460,000 |
| Securities held to maturity | 8,701,000 | 8,953,000 | 7,952,000 | 13,924,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,675,000 | 92,307,000 | 98,653,000 | 101,016,000 |
| Interest-bearing deposits | 57,499,000 | 59,542,000 | 62,345,000 | 71,423,000 |
| Noninterest-bearing deposits | 27,176,000 | 32,765,000 | 36,308,000 | 29,593,000 |
| Equity capital | 14,914,000 | 15,229,000 | 15,651,000 | 15,726,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,391,000 | 2,818,000 | 4,278,000 | 5,858,000 |
| Interest expense | 169,000 | 346,000 | 517,000 | 713,000 |
| Net interest income | 1,222,000 | 2,472,000 | 3,761,000 | 5,145,000 |
| Noninterest income | 149,000 | 328,000 | 530,000 | 717,000 |
| Noninterest expense | 786,000 | 1,504,000 | 2,283,000 | 3,144,000 |
| Provision for loan losses | 0 | 30,000 | 50,000 | 100,000 |
| Pretax income | 585,000 | 1,266,000 | 1,958,000 | 2,618,000 |
| Income tax | 238,000 | 477,000 | 740,000 | 965,000 |
| Net income | 347,000 | 789,000 | 1,218,000 | 1,653,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,106,000 | 14,421,000 | 14,850,000 | 14,830,000 |
| Total capital | 15,342,000 | 15,687,000 | 16,133,000 | 16,211,000 |
| Risk-weighted assets | 85,288,000 | 88,931,000 | 88,450,000 | 94,418,000 |
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