Call reports 2002
STATE BANK OF DANVERS — 2002
What STATE BANK OF DANVERS 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 | 41,105,000 | 39,829,000 | 40,446,000 | 41,995,000 |
| Total loans | 23,549,000 | 25,071,000 | 24,791,000 | 23,772,000 |
| Allowance for loan losses | 677,000 | 489,000 | 507,000 | 599,000 |
| Securities available for sale | 6,508,000 | 8,791,000 | 8,921,000 | 11,300,000 |
| Securities held to maturity | 1,315,000 | 1,244,000 | 1,187,000 | 1,032,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,474,000 | 35,205,000 | 35,614,000 | 37,302,000 |
| Interest-bearing deposits | 31,953,000 | 30,749,000 | 31,471,000 | 30,682,000 |
| Noninterest-bearing deposits | 4,521,000 | 4,456,000 | 4,143,000 | 6,620,000 |
| Equity capital | 3,618,000 | 3,776,000 | 3,901,000 | 3,824,000 |
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 | 688,000 | 1,354,000 | 1,994,000 | 2,600,000 |
| Interest expense | 262,000 | 522,000 | 767,000 | 987,000 |
| Net interest income | 426,000 | 832,000 | 1,227,000 | 1,613,000 |
| Noninterest income | 28,000 | 40,000 | 61,000 | 80,000 |
| Noninterest expense | 263,000 | 496,000 | 733,000 | 1,149,000 |
| Provision for loan losses | 30,000 | 60,000 | 100,000 | 160,000 |
| Pretax income | 161,000 | 316,000 | 455,000 | 384,000 |
| Income tax | 61,000 | 125,000 | 177,000 | 153,000 |
| Net income | 100,000 | 191,000 | 278,000 | 231,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,613,000 | 3,702,000 | 3,790,000 | 3,743,000 |
| Total capital | 3,961,000 | 4,072,000 | 4,162,000 | 4,110,000 |
| Risk-weighted assets | 27,507,000 | 29,756,000 | 29,598,000 | 29,119,000 |