Call reports 2001
WESTSOUND BANK — 2001
What WESTSOUND BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 20,299,000 | 22,614,000 | 29,884,000 | 32,458,000 |
| Total loans | 13,687,000 | 15,935,000 | 22,458,000 | 25,549,000 |
| Allowance for loan losses | 134,000 | 158,000 | 217,000 | 290,000 |
| Securities available for sale | 3,445,000 | 3,395,000 | 2,262,000 | 1,668,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,975,000 | 19,304,000 | 26,475,000 | 28,112,000 |
| Interest-bearing deposits | 16,144,000 | 18,422,000 | 24,676,000 | 25,801,000 |
| Noninterest-bearing deposits | 831,000 | 882,000 | 1,799,000 | 2,311,000 |
| Equity capital | 3,235,000 | 3,175,000 | 3,303,000 | 4,226,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 408,000 | 850,000 | 1,401,000 | 2,081,000 |
| Interest expense | 216,000 | 423,000 | 647,000 | 871,000 |
| Net interest income | 192,000 | 427,000 | 754,000 | 1,210,000 |
| Noninterest income | 21,000 | 56,000 | 83,000 | 112,000 |
| Noninterest expense | 243,000 | 528,000 | 784,000 | 1,132,000 |
| Provision for loan losses | 13,000 | 37,000 | 102,000 | 177,000 |
| Pretax income | -43,000 | -82,000 | -49,000 | 14,000 |
| Income tax | -15,000 | -28,000 | -17,000 | -1,000 |
| Net income | -28,000 | -54,000 | -32,000 | 15,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,883,000 | 2,844,000 | 2,967,000 | 3,922,000 |
| Total capital | 3,017,000 | 3,002,000 | 3,184,000 | 4,217,000 |
| Risk-weighted assets | 14,505,000 | 15,863,000 | 22,853,000 | 25,479,000 |