Call reports 2003
SOMERSET VALLEY BANK — 2003
What SOMERSET VALLEY 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 | 412,340,000 | 424,359,000 | 423,699,000 | 430,702,000 |
| Total loans | 245,806,000 | 253,710,000 | 260,505,000 | 271,227,000 |
| Allowance for loan losses | 2,552,000 | 2,631,000 | 2,569,000 | 2,668,000 |
| Securities available for sale | 53,223,000 | 51,109,000 | 47,554,000 | 41,505,000 |
| Securities held to maturity | 52,301,000 | 54,636,000 | 57,801,000 | 58,290,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 363,396,000 | 375,788,000 | 374,979,000 | 379,271,000 |
| Interest-bearing deposits | 310,417,000 | 319,405,000 | 321,606,000 | 319,661,000 |
| Noninterest-bearing deposits | 52,979,000 | 56,383,000 | 53,373,000 | 59,610,000 |
| Equity capital | 29,759,000 | 30,273,000 | 30,762,000 | 31,581,000 |
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 | 5,163,000 | 10,390,000 | 15,510,000 | 20,714,000 |
| Interest expense | 1,604,000 | 3,114,000 | 4,570,000 | 5,950,000 |
| Net interest income | 3,559,000 | 7,276,000 | 10,940,000 | 14,764,000 |
| Noninterest income | 454,000 | 961,000 | 1,486,000 | 1,902,000 |
| Noninterest expense | 2,880,000 | 5,770,000 | 8,668,000 | 11,498,000 |
| Provision for loan losses | 166,000 | 298,000 | 393,000 | 498,000 |
| Pretax income | 1,015,000 | 2,246,000 | 3,465,000 | 4,773,000 |
| Income tax | 294,000 | 661,000 | 1,030,000 | 1,429,000 |
| Net income | 721,000 | 1,585,000 | 2,435,000 | 3,344,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,289,000 | 28,828,000 | 29,551,000 | 30,331,000 |
| Total capital | 30,853,000 | 31,471,000 | 32,132,000 | 33,011,000 |
| Risk-weighted assets | 279,866,000 | 286,136,000 | 293,148,000 | 307,023,000 |