Call reports 2002
REDEMPTION BANK — 2002
What REDEMPTION 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 | 66,425,000 | 63,990,000 | 59,200,000 | 60,438,000 |
| Total loans | 49,955,000 | 48,817,000 | 40,229,000 | 36,631,000 |
| Allowance for loan losses | 923,000 | 893,000 | 872,000 | 918,000 |
| Securities available for sale | 1,535,000 | 1,157,000 | 1,093,000 | 1,026,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,724,000 | 57,082,000 | 51,934,000 | 53,016,000 |
| Interest-bearing deposits | 53,508,000 | 49,951,000 | 46,253,000 | 46,235,000 |
| Noninterest-bearing deposits | 6,216,000 | 7,131,000 | 5,681,000 | 6,781,000 |
| Equity capital | 6,275,000 | 6,550,000 | 6,939,000 | 7,048,000 |
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 | 1,443,000 | 2,937,000 | 4,302,000 | 5,434,000 |
| Interest expense | 431,000 | 868,000 | 1,217,000 | 1,539,000 |
| Net interest income | 1,012,000 | 2,069,000 | 3,085,000 | 3,895,000 |
| Noninterest income | 39,000 | 79,000 | 120,000 | 166,000 |
| Noninterest expense | 413,000 | 860,000 | 1,284,000 | 1,767,000 |
| Provision for loan losses | 335,000 | 410,000 | 425,000 | 487,000 |
| Pretax income | 303,000 | 878,000 | 1,496,000 | 1,807,000 |
| Income tax | 195,000 | 390,000 | 626,000 | 670,000 |
| Net income | 108,000 | 488,000 | 870,000 | 1,137,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,246,000 | 6,511,000 | 6,894,000 | 7,007,000 |
| Total capital | 6,905,000 | 7,168,000 | 7,467,000 | 7,551,000 |
| Risk-weighted assets | 52,463,000 | 52,319,000 | 45,564,000 | 43,139,000 |