Call reports 2003
FIRST WESTERN BANK STURGIS, THE — 2003
What FIRST WESTERN BANK STURGIS, THE 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 | 290,587,000 | 292,756,000 | 308,031,000 | 309,705,000 |
| Total loans | 196,002,000 | 207,668,000 | 206,784,000 | 209,105,000 |
| Allowance for loan losses | 2,770,000 | 2,869,000 | 2,884,000 | 2,570,000 |
| Securities available for sale | 60,791,000 | 46,661,000 | 48,189,000 | 60,065,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 259,872,000 | 261,685,000 | 275,710,000 | 277,790,000 |
| Interest-bearing deposits | 223,726,000 | 221,716,000 | 232,482,000 | 237,572,000 |
| Noninterest-bearing deposits | 36,146,000 | 39,969,000 | 43,228,000 | 40,218,000 |
| Equity capital | 28,945,000 | 29,261,000 | 29,486,000 | 30,045,000 |
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 | 4,480,000 | 9,017,000 | 12,868,000 | 17,070,000 |
| Interest expense | 1,481,000 | 2,905,000 | 4,271,000 | 5,583,000 |
| Net interest income | 2,999,000 | 6,112,000 | 8,597,000 | 11,487,000 |
| Noninterest income | 353,000 | 744,000 | 1,915,000 | 2,672,000 |
| Noninterest expense | 1,782,000 | 3,606,000 | 5,412,000 | 7,512,000 |
| Provision for loan losses | 60,000 | 200,000 | 220,000 | 240,000 |
| Pretax income | 1,510,000 | 3,129,000 | 4,974,000 | 6,500,000 |
| Income tax | 26,000 | 96,000 | 174,000 | 222,000 |
| Net income | 1,484,000 | 3,033,000 | 4,800,000 | 6,278,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,611,000 | 28,027,000 | 28,607,000 | 29,110,000 |
| Total capital | 30,280,000 | 30,787,000 | 31,382,000 | 31,680,000 |
| Risk-weighted assets | 213,393,000 | 220,716,000 | 221,877,000 | 227,855,000 |