Call reports 2004
WESTSOUND BANK — 2004
What WESTSOUND BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 85,328,000 | 89,714,000 | 113,348,000 | 137,283,000 |
| Total loans | 65,437,000 | 78,153,000 | 97,026,000 | 118,860,000 |
| Allowance for loan losses | 645,000 | 718,000 | 972,000 | 1,189,000 |
| Securities available for sale | 5,653,000 | 5,130,000 | 4,570,000 | 4,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,790,000 | 79,737,000 | 102,684,000 | 123,799,000 |
| Interest-bearing deposits | 66,015,000 | 69,194,000 | 86,915,000 | 108,968,000 |
| Noninterest-bearing deposits | 9,775,000 | 10,543,000 | 15,769,000 | 14,831,000 |
| Equity capital | 9,345,000 | 9,584,000 | 10,192,000 | 13,049,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,298,000 | 2,964,000 | 5,162,000 | 7,954,000 |
| Interest expense | 324,000 | 664,000 | 1,101,000 | 1,705,000 |
| Net interest income | 974,000 | 2,300,000 | 4,061,000 | 6,249,000 |
| Noninterest income | 420,000 | 1,071,000 | 1,887,000 | 2,798,000 |
| Noninterest expense | 1,207,000 | 2,572,000 | 4,217,000 | 6,226,000 |
| Provision for loan losses | 77,000 | 157,000 | 420,000 | 654,000 |
| Pretax income | 110,000 | 642,000 | 1,311,000 | 2,167,000 |
| Income tax | 39,000 | 220,000 | 448,000 | 739,000 |
| Net income | 71,000 | 422,000 | 863,000 | 1,428,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,308,000 | 9,659,000 | 10,187,000 | 13,008,000 |
| Total capital | 9,966,000 | 10,394,000 | 11,182,000 | 14,232,000 |
| Risk-weighted assets | 63,721,000 | 74,206,000 | 92,907,000 | 115,577,000 |