Call reports 2003
WESTSOUND BANK — 2003
What WESTSOUND 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 | 56,455,000 | 62,684,000 | 61,961,000 | 76,143,000 |
| Total loans | 44,086,000 | 45,395,000 | 50,622,000 | 58,796,000 |
| Allowance for loan losses | 411,000 | 453,000 | 516,000 | 578,000 |
| Securities available for sale | 5,443,000 | 6,950,000 | 6,514,000 | 6,077,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,594,000 | 55,746,000 | 54,265,000 | 68,003,000 |
| Interest-bearing deposits | 46,191,000 | 49,997,000 | 47,092,000 | 59,789,000 |
| Noninterest-bearing deposits | 5,403,000 | 5,749,000 | 7,173,000 | 8,214,000 |
| Equity capital | 4,738,000 | 6,826,000 | 7,514,000 | 7,901,000 |
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 | 936,000 | 1,919,000 | 3,023,000 | 4,402,000 |
| Interest expense | 279,000 | 570,000 | 848,000 | 1,110,000 |
| Net interest income | 657,000 | 1,349,000 | 2,175,000 | 3,292,000 |
| Noninterest income | 57,000 | 119,000 | 202,000 | 286,000 |
| Noninterest expense | 504,000 | 1,052,000 | 1,624,000 | 2,385,000 |
| Provision for loan losses | 55,000 | 101,000 | 160,000 | 231,000 |
| Pretax income | 155,000 | 315,000 | 595,000 | 964,000 |
| Income tax | 53,000 | 107,000 | 204,000 | 333,000 |
| Net income | 102,000 | 208,000 | 391,000 | 631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,627,000 | 6,789,000 | 7,530,000 | 7,905,000 |
| Total capital | 5,044,000 | 7,249,000 | 8,055,000 | 8,496,000 |
| Risk-weighted assets | 42,775,000 | 47,098,000 | 51,735,000 | 60,532,000 |