Call reports 2002
SOMERSET VALLEY BANK — 2002
What SOMERSET VALLEY 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 | 356,532,000 | 373,671,000 | 385,333,000 | 404,613,000 |
| Total loans | 216,122,000 | 225,160,000 | 236,540,000 | 237,853,000 |
| Allowance for loan losses | 2,047,000 | 2,194,000 | 2,325,000 | 2,399,000 |
| Securities available for sale | 42,278,000 | 44,362,000 | 40,585,000 | 52,171,000 |
| Securities held to maturity | 49,827,000 | 52,122,000 | 53,999,000 | 56,209,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 324,444,000 | 336,895,000 | 346,058,000 | 364,683,000 |
| Interest-bearing deposits | 275,438,000 | 290,407,000 | 289,299,000 | 310,454,000 |
| Noninterest-bearing deposits | 49,006,000 | 46,488,000 | 56,759,000 | 54,229,000 |
| Equity capital | 23,123,000 | 27,414,000 | 28,294,000 | 29,076,000 |
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 | 4,943,000 | 10,164,000 | 15,538,000 | 20,867,000 |
| Interest expense | 1,899,000 | 3,723,000 | 5,495,000 | 7,190,000 |
| Net interest income | 3,044,000 | 6,441,000 | 10,043,000 | 13,677,000 |
| Noninterest income | 356,000 | 831,000 | 1,118,000 | 1,568,000 |
| Noninterest expense | 2,467,000 | 5,108,000 | 7,766,000 | 10,644,000 |
| Provision for loan losses | 98,000 | 233,000 | 358,000 | 452,000 |
| Pretax income | 843,000 | 1,954,000 | 3,110,000 | 4,294,000 |
| Income tax | 296,000 | 675,000 | 1,061,000 | 1,434,000 |
| Net income | 547,000 | 1,279,000 | 2,049,000 | 2,860,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,943,000 | 26,061,000 | 26,840,000 | 27,591,000 |
| Total capital | 23,997,000 | 28,262,000 | 29,172,000 | 29,998,000 |
| Risk-weighted assets | 247,706,000 | 256,362,000 | 264,233,000 | 275,553,000 |