Call reports 2003
BANK OF NEW ENGLAND — 2003
What BANK OF NEW ENGLAND 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 | 296,908,000 | 307,288,000 | 317,363,000 | 309,247,000 |
| Total loans | 235,981,000 | 244,540,000 | 242,630,000 | 256,567,000 |
| Allowance for loan losses | 2,683,000 | 2,787,000 | 2,820,000 | 3,216,000 |
| Securities available for sale | 400,000 | 431,000 | 0 | 0 |
| Securities held to maturity | 16,638,000 | 16,150,000 | 20,833,000 | 20,261,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,654,000 | 281,629,000 | 290,801,000 | 279,869,000 |
| Interest-bearing deposits | 234,513,000 | 242,915,000 | 248,255,000 | 235,605,000 |
| Noninterest-bearing deposits | 36,141,000 | 38,714,000 | 42,546,000 | 44,264,000 |
| Equity capital | 23,630,000 | 24,377,000 | 25,169,000 | 25,874,000 |
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 | 4,375,000 | 8,812,000 | 13,439,000 | 18,161,000 |
| Interest expense | 1,509,000 | 3,019,000 | 4,398,000 | 5,716,000 |
| Net interest income | 2,866,000 | 5,793,000 | 9,041,000 | 12,445,000 |
| Noninterest income | 78,000 | 170,000 | 309,000 | 436,000 |
| Noninterest expense | 1,599,000 | 3,221,000 | 4,843,000 | 6,558,000 |
| Provision for loan losses | 227,000 | 330,000 | 519,000 | 915,000 |
| Pretax income | 1,118,000 | 2,412,000 | 3,982,000 | 5,402,000 |
| Income tax | 456,000 | 893,000 | 1,539,000 | 2,126,000 |
| Net income | 662,000 | 1,519,000 | 2,443,000 | 3,276,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,618,000 | 24,377,000 | 25,169,000 | 25,874,000 |
| Total capital | 26,301,000 | 27,164,000 | 27,989,000 | 29,090,000 |
| Risk-weighted assets | 252,364,000 | 260,200,000 | 262,103,000 | 273,879,000 |
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