Call reports 2003
ESSEX BANK — 2003
What ESSEX 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 | 228,840,000 | 235,220,000 | 229,714,000 | 231,453,000 |
| Total loans | 166,824,000 | 166,857,000 | 158,265,000 | 160,509,000 |
| Allowance for loan losses | 2,191,000 | 2,170,000 | 2,179,000 | 2,128,000 |
| Securities available for sale | 44,144,000 | 45,265,000 | 46,797,000 | 52,036,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,767,000 | 206,970,000 | 201,799,000 | 203,464,000 |
| Interest-bearing deposits | 181,715,000 | 185,606,000 | 179,491,000 | 178,760,000 |
| Noninterest-bearing deposits | 19,052,000 | 21,364,000 | 22,308,000 | 24,704,000 |
| Equity capital | 21,653,000 | 22,281,000 | 22,257,000 | 26,507,000 |
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 | 3,279,000 | 6,662,000 | 9,910,000 | 13,090,000 |
| Interest expense | 1,118,000 | 2,187,000 | 3,174,000 | 4,063,000 |
| Net interest income | 2,161,000 | 4,475,000 | 6,736,000 | 9,027,000 |
| Noninterest income | 331,000 | 659,000 | 1,062,000 | 1,480,000 |
| Noninterest expense | 1,579,000 | 3,270,000 | 4,994,000 | 6,776,000 |
| Provision for loan losses | 250,000 | 400,000 | 550,000 | 700,000 |
| Pretax income | 680,000 | 1,486,000 | 2,276,000 | 3,062,000 |
| Income tax | 143,000 | 312,000 | 503,000 | 648,000 |
| Net income | 537,000 | 1,174,000 | 1,773,000 | 2,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,064,000 | 19,412,000 | 20,043,000 | 24,367,000 |
| Total capital | 21,255,000 | 21,582,000 | 22,222,000 | 26,495,000 |
| Risk-weighted assets | 182,429,000 | 184,421,000 | 176,235,000 | 180,464,000 |