Call reports 2002
SOLUTIONS NORTH BANK — 2002
What SOLUTIONS NORTH 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 | 42,194,000 | 43,287,000 | 44,953,000 | 46,232,000 |
| Total loans | 30,151,000 | 31,466,000 | 30,574,000 | 29,380,000 |
| Allowance for loan losses | 364,000 | 372,000 | 380,000 | 388,000 |
| Securities available for sale | 7,677,000 | 7,120,000 | 6,094,000 | 5,791,000 |
| Securities held to maturity | 431,000 | 354,000 | 296,000 | 239,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,769,000 | 38,460,000 | 40,576,000 | 42,052,000 |
| Interest-bearing deposits | 33,300,000 | 34,285,000 | 36,157,000 | 38,089,000 |
| Noninterest-bearing deposits | 4,469,000 | 4,175,000 | 4,419,000 | 3,963,000 |
| Equity capital | 4,108,000 | 4,100,000 | 4,118,000 | 3,952,000 |
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 | 685,000 | 1,369,000 | 2,047,000 | 2,691,000 |
| Interest expense | 235,000 | 446,000 | 650,000 | 840,000 |
| Net interest income | 450,000 | 923,000 | 1,397,000 | 1,851,000 |
| Noninterest income | 25,000 | 44,000 | 65,000 | 85,000 |
| Noninterest expense | 190,000 | 382,000 | 590,000 | 874,000 |
| Provision for loan losses | 8,000 | 15,000 | 23,000 | 30,000 |
| Pretax income | 277,000 | 570,000 | 849,000 | 1,032,000 |
| Income tax | 9,000 | 18,000 | 23,000 | 28,000 |
| Net income | 268,000 | 552,000 | 826,000 | 1,004,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,722,000 | 3,702,000 | 3,762,000 | 3,645,000 |
| Total capital | 4,086,000 | 4,074,000 | 4,142,000 | 4,033,000 |
| Risk-weighted assets | 31,569,000 | 32,910,000 | 32,735,000 | 32,886,000 |