Call reports 2003
NEW ENGLAND BANK — 2003
What NEW ENGLAND 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 | 78,104,000 | 85,774,000 | 95,015,000 | 103,443,000 |
| Total loans | 44,388,000 | 48,964,000 | 55,480,000 | 60,357,000 |
| Allowance for loan losses | 671,000 | 738,000 | 809,000 | 861,000 |
| Securities available for sale | 25,782,000 | 26,447,000 | 29,887,000 | 34,314,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,051,000 | 75,641,000 | 79,182,000 | 82,040,000 |
| Interest-bearing deposits | 58,187,000 | 63,081,000 | 67,670,000 | 70,041,000 |
| Noninterest-bearing deposits | 9,864,000 | 12,560,000 | 11,512,000 | 11,999,000 |
| Equity capital | 8,493,000 | 8,658,000 | 8,560,000 | 8,646,000 |
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 | 1,035,000 | 2,097,000 | 3,194,000 | 4,456,000 |
| Interest expense | 310,000 | 620,000 | 932,000 | 1,256,000 |
| Net interest income | 725,000 | 1,477,000 | 2,262,000 | 3,200,000 |
| Noninterest income | 62,000 | 138,000 | 204,000 | 265,000 |
| Noninterest expense | 640,000 | 1,319,000 | 2,017,000 | 2,841,000 |
| Provision for loan losses | 63,000 | 130,000 | 201,000 | 278,000 |
| Pretax income | 126,000 | 208,000 | 290,000 | 388,000 |
| Income tax | 49,000 | 81,000 | 110,000 | 147,000 |
| Net income | 77,000 | 127,000 | 180,000 | 241,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,492,000 | 8,546,000 | 8,639,000 | 8,707,000 |
| Total capital | 9,119,000 | 9,224,000 | 9,380,000 | 9,529,000 |
| Risk-weighted assets | 50,006,000 | 54,081,000 | 59,104,000 | 65,663,000 |