Call reports 2003
BANK OF THE CAROLINAS — 2003
What BANK OF THE CAROLINAS 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 | 205,523,000 | 210,897,000 | 214,907,000 | 232,271,000 |
| Total loans | 160,352,000 | 170,597,000 | 176,111,000 | 182,945,000 |
| Allowance for loan losses | 1,948,000 | 1,974,000 | 2,143,000 | 1,987,000 |
| Securities available for sale | 29,207,000 | 24,686,000 | 24,750,000 | 30,261,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 171,372,000 | 176,511,000 | 177,208,000 | 194,297,000 |
| Interest-bearing deposits | 161,158,000 | 164,876,000 | 165,533,000 | 179,928,000 |
| Noninterest-bearing deposits | 10,213,000 | 11,635,000 | 11,676,000 | 14,369,000 |
| Equity capital | 15,969,000 | 16,487,000 | 21,804,000 | 22,001,000 |
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 | 2,883,000 | 5,812,000 | 8,742,000 | 11,773,000 |
| Interest expense | 1,192,000 | 2,351,000 | 3,409,000 | 4,463,000 |
| Net interest income | 1,691,000 | 3,461,000 | 5,333,000 | 7,310,000 |
| Noninterest income | 203,000 | 422,000 | 742,000 | 1,004,000 |
| Noninterest expense | 1,291,000 | 2,648,000 | 4,066,000 | 5,670,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 591,000 |
| Pretax income | 483,000 | 995,000 | 1,645,000 | 2,049,000 |
| Income tax | 166,000 | 335,000 | 549,000 | 672,000 |
| Net income | 317,000 | 660,000 | 1,096,000 | 1,377,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,150,000 | 15,680,000 | 21,198,000 | 21,313,000 |
| Total capital | 17,098,000 | 17,654,000 | 23,341,000 | 23,300,000 |
| Risk-weighted assets | 164,412,000 | 172,618,000 | 176,513,000 | 182,353,000 |