Call reports 2004
BANK OF THE CAROLINAS — 2004
What BANK OF THE CAROLINAS reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 236,631,000 | 243,764,000 | 266,746,000 | 292,095,000 |
| Total loans | 187,486,000 | 192,380,000 | 208,769,000 | 227,117,000 |
| Allowance for loan losses | 2,021,000 | 2,320,000 | 2,301,000 | 2,500,000 |
| Securities available for sale | 23,933,000 | 29,614,000 | 30,268,000 | 32,102,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,814,000 | 200,443,000 | 219,548,000 | 231,532,000 |
| Interest-bearing deposits | 177,003,000 | 184,866,000 | 199,733,000 | 208,662,000 |
| Noninterest-bearing deposits | 15,810,000 | 15,577,000 | 19,815,000 | 22,870,000 |
| Equity capital | 22,350,000 | 21,981,000 | 22,829,000 | 33,175,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,042,000 | 6,045,000 | 9,365,000 | 13,205,000 |
| Interest expense | 1,049,000 | 2,060,000 | 3,178,000 | 4,524,000 |
| Net interest income | 1,993,000 | 3,985,000 | 6,187,000 | 8,681,000 |
| Noninterest income | 190,000 | 491,000 | 819,000 | 1,083,000 |
| Noninterest expense | 1,564,000 | 3,108,000 | 4,857,000 | 6,766,000 |
| Provision for loan losses | 150,000 | 460,000 | 610,000 | 952,000 |
| Pretax income | 496,000 | 935,000 | 1,566,000 | 2,074,000 |
| Income tax | 169,000 | 232,000 | 402,000 | 615,000 |
| Net income | 327,000 | 703,000 | 1,164,000 | 1,459,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,555,000 | 21,816,000 | 22,161,000 | 32,575,000 |
| Total capital | 23,576,000 | 24,136,000 | 24,462,000 | 35,075,000 |
| Risk-weighted assets | 186,264,000 | 193,046,000 | 209,701,000 | 229,572,000 |