Call reports 2003
SOLUTIONS NORTH BANK — 2003
What SOLUTIONS NORTH 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 | 41,380,000 | 42,048,000 | 44,362,000 | 50,476,000 |
| Total loans | 28,781,000 | 30,852,000 | 31,951,000 | 33,314,000 |
| Allowance for loan losses | 396,000 | 404,000 | 411,000 | 389,000 |
| Securities available for sale | 4,813,000 | 3,253,000 | 2,551,000 | 6,490,000 |
| Securities held to maturity | 178,000 | 132,000 | 101,000 | 85,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,050,000 | 37,413,000 | 40,177,000 | 46,193,000 |
| Interest-bearing deposits | 33,757,000 | 33,042,000 | 34,695,000 | 40,631,000 |
| Noninterest-bearing deposits | 3,293,000 | 4,371,000 | 5,482,000 | 5,562,000 |
| Equity capital | 4,127,000 | 4,028,000 | 4,020,000 | 4,018,000 |
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 | 582,000 | 1,158,000 | 1,722,000 | 2,279,000 |
| Interest expense | 157,000 | 295,000 | 416,000 | 532,000 |
| Net interest income | 425,000 | 863,000 | 1,306,000 | 1,747,000 |
| Noninterest income | 26,000 | 46,000 | 66,000 | 85,000 |
| Noninterest expense | 201,000 | 397,000 | 607,000 | 898,000 |
| Provision for loan losses | 8,000 | 15,000 | 22,000 | 30,000 |
| Pretax income | 242,000 | 497,000 | 743,000 | 904,000 |
| Income tax | 11,000 | 20,000 | 32,000 | 41,000 |
| Net income | 231,000 | 477,000 | 711,000 | 863,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,882,000 | 3,825,000 | 3,845,000 | 3,852,000 |
| Total capital | 4,278,000 | 4,229,000 | 4,256,000 | 4,241,000 |
| Risk-weighted assets | 31,990,000 | 32,871,000 | 34,480,000 | 36,429,000 |