Call reports 2003
REDEMPTION BANK — 2003
What REDEMPTION 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 | 58,954,000 | 54,435,000 | 52,057,000 | 44,610,000 |
| Total loans | 35,618,000 | 33,769,000 | 30,015,000 | 27,652,000 |
| Allowance for loan losses | 1,044,000 | 1,079,000 | 869,000 | 830,000 |
| Securities available for sale | 993,000 | 801,000 | 753,000 | 735,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,543,000 | 46,873,000 | 44,353,000 | 36,719,000 |
| Interest-bearing deposits | 45,803,000 | 40,944,000 | 38,725,000 | 31,084,000 |
| Noninterest-bearing deposits | 5,740,000 | 5,929,000 | 5,629,000 | 5,635,000 |
| Equity capital | 7,143,000 | 7,365,000 | 7,458,000 | 7,676,000 |
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 | 896,000 | 1,837,000 | 2,754,000 | 3,507,000 |
| Interest expense | 272,000 | 496,000 | 675,000 | 829,000 |
| Net interest income | 624,000 | 1,341,000 | 2,079,000 | 2,678,000 |
| Noninterest income | 73,000 | 82,000 | 124,000 | 263,000 |
| Noninterest expense | 403,000 | 782,000 | 1,203,000 | 1,644,000 |
| Provision for loan losses | 145,000 | 191,000 | 216,000 | 216,000 |
| Pretax income | 149,000 | 450,000 | 784,000 | 1,081,000 |
| Income tax | 55,000 | 125,000 | 284,000 | 360,000 |
| Net income | 94,000 | 325,000 | 500,000 | 721,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,102,000 | 7,332,000 | 7,430,000 | 7,652,000 |
| Total capital | 7,631,000 | 7,834,000 | 7,897,000 | 8,048,000 |
| Risk-weighted assets | 41,808,000 | 39,651,000 | 36,974,000 | 31,242,000 |