Call reports 2002
CHELSEA BANK — 2002
What CHELSEA BANK 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 | 33,093,000 | 35,203,000 | 36,055,000 | 36,598,000 |
| Total loans | 26,289,000 | 26,442,000 | 25,833,000 | 25,600,000 |
| Allowance for loan losses | 188,000 | 188,000 | 200,000 | 200,000 |
| Securities available for sale | 1,760,000 | 2,949,000 | 2,972,000 | 2,990,000 |
| Securities held to maturity | 2,589,000 | 2,613,000 | 2,709,000 | 2,782,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,511,000 | 28,863,000 | 30,333,000 | 30,937,000 |
| Interest-bearing deposits | 25,595,000 | 27,536,000 | 28,158,000 | 28,956,000 |
| Noninterest-bearing deposits | 916,000 | 1,327,000 | 2,175,000 | 1,981,000 |
| Equity capital | 3,130,000 | 3,216,000 | 3,315,000 | 3,432,000 |
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 | 542,000 | 1,093,000 | 1,643,000 | 2,147,000 |
| Interest expense | 177,000 | 361,000 | 541,000 | 711,000 |
| Net interest income | 364,000 | 732,000 | 1,102,000 | 1,436,000 |
| Noninterest income | 71,000 | 164,000 | 305,000 | 438,000 |
| Noninterest expense | 323,000 | 648,000 | 984,000 | 1,241,000 |
| Provision for loan losses | 0 | 0 | 12,000 | 12,000 |
| Pretax income | 112,000 | 248,000 | 411,000 | 621,000 |
| Income tax | 45,000 | 104,000 | 168,000 | 256,000 |
| Net income | 67,000 | 144,000 | 243,000 | 365,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,092,000 | 3,180,000 | 3,277,000 | 3,395,000 |
| Total capital | 3,280,000 | 3,368,000 | 3,477,000 | 3,595,000 |
| Risk-weighted assets | 17,305,000 | 19,222,000 | 20,131,000 | 20,189,000 |
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