Call reports 2002
FOUNDATION BANK — 2002
What FOUNDATION 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 | 54,265,000 | 72,081,000 | 93,240,000 | 98,573,000 |
| Total loans | 26,873,000 | 36,272,000 | 52,274,000 | 67,832,000 |
| Allowance for loan losses | 313,000 | 524,000 | 659,000 | 818,000 |
| Securities available for sale | 19,359,000 | 20,855,000 | 27,356,000 | 17,761,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,438,000 | 61,855,000 | 82,963,000 | 88,058,000 |
| Interest-bearing deposits | 37,050,000 | 45,288,000 | 58,859,000 | 58,550,000 |
| Noninterest-bearing deposits | 8,388,000 | 16,567,000 | 24,104,000 | 29,509,000 |
| Equity capital | 6,857,000 | 9,179,000 | 9,205,000 | 9,269,000 |
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 | 541,000 | 1,258,000 | 2,201,000 | 3,270,000 |
| Interest expense | 157,000 | 341,000 | 570,000 | 793,000 |
| Net interest income | 384,000 | 917,000 | 1,631,000 | 2,477,000 |
| Noninterest income | 10,000 | 35,000 | 57,000 | 76,000 |
| Noninterest expense | 508,000 | 1,072,000 | 1,617,000 | 2,274,000 |
| Provision for loan losses | 30,000 | 241,000 | 378,000 | 537,000 |
| Pretax income | -144,000 | -353,000 | -297,000 | -249,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -144,000 | -353,000 | -297,000 | -249,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,869,000 | 9,163,000 | 9,162,000 | 9,241,000 |
| Total capital | 7,242,000 | 9,761,000 | 9,903,000 | 10,152,000 |
| Risk-weighted assets | 44,569,000 | 59,364,000 | 79,052,000 | 86,463,000 |
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