Call reports 2002
FIRST WESTERN BANK STURGIS, THE — 2002
What FIRST WESTERN BANK STURGIS, THE 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 | 260,889,000 | 275,108,000 | 291,087,000 | 293,522,000 |
| Total loans | 179,268,000 | 182,760,000 | 184,907,000 | 191,625,000 |
| Allowance for loan losses | 2,632,000 | 2,649,000 | 2,692,000 | 2,730,000 |
| Securities available for sale | 43,043,000 | 41,437,000 | 56,970,000 | 67,181,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 232,687,000 | 246,260,000 | 261,118,000 | 262,708,000 |
| Interest-bearing deposits | 199,823,000 | 209,454,000 | 216,873,000 | 225,291,000 |
| Noninterest-bearing deposits | 32,864,000 | 36,806,000 | 44,245,000 | 37,417,000 |
| Equity capital | 26,156,000 | 26,852,000 | 27,839,000 | 28,800,000 |
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 | 4,557,000 | 9,054,000 | 13,657,000 | 18,273,000 |
| Interest expense | 1,687,000 | 3,374,000 | 5,106,000 | 6,785,000 |
| Net interest income | 2,870,000 | 5,680,000 | 8,551,000 | 11,488,000 |
| Noninterest income | 276,000 | 691,000 | 1,047,000 | 1,400,000 |
| Noninterest expense | 1,776,000 | 3,472,000 | 5,224,000 | 7,034,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 1,310,000 | 2,779,000 | 4,194,000 | 5,614,000 |
| Income tax | 69,000 | 134,000 | 202,000 | 229,000 |
| Net income | 1,241,000 | 2,645,000 | 3,992,000 | 5,385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,393,000 | 25,697,000 | 26,364,000 | 27,457,000 |
| Total capital | 27,793,000 | 28,195,000 | 28,991,000 | 30,138,000 |
| Risk-weighted assets | 191,739,000 | 199,679,000 | 210,101,000 | 214,435,000 |