Call reports 2003
KENT COMMERCE BANK — 2003
What KENT COMMERCE 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 | 73,831,000 | 81,423,000 | 78,059,000 | 81,433,000 |
| Total loans | 69,575,000 | 71,794,000 | 74,098,000 | 76,093,000 |
| Allowance for loan losses | 835,000 | 835,000 | 860,000 | 829,000 |
| Securities available for sale | 1,004,000 | 1,004,000 | 1,001,000 | 997,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,842,000 | 72,635,000 | 67,885,000 | 72,375,000 |
| Interest-bearing deposits | 56,991,000 | 63,989,000 | 59,313,000 | 63,216,000 |
| Noninterest-bearing deposits | 6,851,000 | 8,646,000 | 8,572,000 | 9,159,000 |
| Equity capital | 7,803,000 | 7,889,000 | 8,073,000 | 8,200,000 |
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 | 1,145,000 | 2,319,000 | 3,654,000 | 4,927,000 |
| Interest expense | 449,000 | 896,000 | 1,291,000 | 1,581,000 |
| Net interest income | 696,000 | 1,423,000 | 2,363,000 | 3,346,000 |
| Noninterest income | 142,000 | 303,000 | 454,000 | 512,000 |
| Noninterest expense | 637,000 | 1,240,000 | 1,889,000 | 2,512,000 |
| Provision for loan losses | 5,000 | 5,000 | 30,000 | 99,000 |
| Pretax income | 196,000 | 481,000 | 898,000 | 1,247,000 |
| Income tax | 67,000 | 165,000 | 307,000 | 426,000 |
| Net income | 129,000 | 316,000 | 591,000 | 821,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,012,000 | 7,098,000 | 7,274,000 | 7,403,000 |
| Total capital | 7,847,000 | 7,933,000 | 8,134,000 | 8,232,000 |
| Risk-weighted assets | 69,104,000 | 70,515,000 | 72,211,000 | 75,401,000 |