Call reports 2002
WESTSOUND BANK — 2002
What WESTSOUND 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 | 37,036,000 | 42,016,000 | 48,218,000 | 52,766,000 |
| Total loans | 29,825,000 | 32,187,000 | 36,607,000 | 40,119,000 |
| Allowance for loan losses | 243,000 | 274,000 | 330,000 | 349,000 |
| Securities available for sale | 3,060,000 | 4,058,000 | 3,938,000 | 5,153,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,658,000 | 37,537,000 | 43,599,000 | 48,017,000 |
| Interest-bearing deposits | 29,503,000 | 34,598,000 | 39,737,000 | 43,173,000 |
| Noninterest-bearing deposits | 3,155,000 | 2,939,000 | 3,862,000 | 4,844,000 |
| Equity capital | 4,279,000 | 4,399,000 | 4,514,000 | 4,619,000 |
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 | 644,000 | 1,376,000 | 2,181,000 | 3,116,000 |
| Interest expense | 215,000 | 466,000 | 742,000 | 1,035,000 |
| Net interest income | 429,000 | 910,000 | 1,439,000 | 2,081,000 |
| Noninterest income | 32,000 | 74,000 | 131,000 | 198,000 |
| Noninterest expense | 367,000 | 737,000 | 1,107,000 | 1,716,000 |
| Provision for loan losses | 25,000 | 53,000 | 98,000 | 137,000 |
| Pretax income | 69,000 | 195,000 | 365,000 | 433,000 |
| Income tax | 23,000 | 65,000 | 123,000 | 146,000 |
| Net income | 46,000 | 130,000 | 242,000 | 287,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,986,000 | 4,144,000 | 4,301,000 | 4,444,000 |
| Total capital | 4,233,000 | 4,424,000 | 4,637,000 | 4,798,000 |
| Risk-weighted assets | 28,492,000 | 33,547,000 | 35,750,000 | 39,191,000 |