Call reports 2003
STATE BANK OF DANVERS — 2003
What STATE BANK OF DANVERS 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 | 39,440,000 | 38,632,000 | 39,234,000 | 40,402,000 |
| Total loans | 21,048,000 | 23,297,000 | 22,637,000 | 22,511,000 |
| Allowance for loan losses | 594,000 | 565,000 | 604,000 | 546,000 |
| Securities available for sale | 10,703,000 | 10,183,000 | 9,684,000 | 9,991,000 |
| Securities held to maturity | 626,000 | 452,000 | 330,000 | 249,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,754,000 | 33,864,000 | 34,592,000 | 35,887,000 |
| Interest-bearing deposits | 29,975,000 | 28,647,000 | 29,043,000 | 28,367,000 |
| Noninterest-bearing deposits | 4,779,000 | 5,217,000 | 5,549,000 | 7,520,000 |
| Equity capital | 3,854,000 | 3,911,000 | 3,952,000 | 3,875,000 |
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 | 592,000 | 1,122,000 | 1,652,000 | 2,197,000 |
| Interest expense | 186,000 | 355,000 | 511,000 | 658,000 |
| Net interest income | 406,000 | 767,000 | 1,141,000 | 1,539,000 |
| Noninterest income | 34,000 | 58,000 | 89,000 | 55,000 |
| Noninterest expense | 281,000 | 537,000 | 801,000 | 1,256,000 |
| Provision for loan losses | 0 | 37,000 | 43,000 | 122,000 |
| Pretax income | 159,000 | 251,000 | 386,000 | 216,000 |
| Income tax | 58,000 | 101,000 | 150,000 | 56,000 |
| Net income | 101,000 | 150,000 | 236,000 | 160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,785,000 | 3,833,000 | 3,919,000 | 3,843,000 |
| Total capital | 4,115,000 | 4,184,000 | 4,268,000 | 4,192,000 |
| Risk-weighted assets | 26,143,000 | 27,827,000 | 27,633,000 | 27,717,000 |