Call reports 2003
VALLEY BANK NATIONAL ASSOCIATION — 2003
What VALLEY BANK NATIONAL ASSOCIATION 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 | 68,831,000 | 70,569,000 | 69,862,000 | 69,578,000 |
| Total loans | 44,433,000 | 42,579,000 | 42,070,000 | 39,688,000 |
| Allowance for loan losses | 1,215,000 | 1,249,000 | 1,159,000 | 1,160,000 |
| Securities available for sale | 7,787,000 | 10,439,000 | 16,312,000 | 14,091,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,623,000 | 62,186,000 | 61,465,000 | 61,168,000 |
| Interest-bearing deposits | 50,669,000 | 53,668,000 | 51,690,000 | 51,254,000 |
| Noninterest-bearing deposits | 9,954,000 | 8,518,000 | 9,775,000 | 9,914,000 |
| Equity capital | 8,036,000 | 8,210,000 | 8,243,000 | 8,298,000 |
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 | 804,000 | 1,608,000 | 2,388,000 | 3,154,000 |
| Interest expense | 238,000 | 451,000 | 639,000 | 809,000 |
| Net interest income | 566,000 | 1,157,000 | 1,749,000 | 2,345,000 |
| Noninterest income | 277,000 | 542,000 | 812,000 | 1,065,000 |
| Noninterest expense | 836,000 | 1,536,000 | 2,321,000 | 3,056,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 7,000 | 163,000 | 240,000 | 354,000 |
| Income tax | -12,000 | -8,000 | -6,000 | 0 |
| Net income | 19,000 | 171,000 | 246,000 | 354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,984,000 | 8,137,000 | 8,208,000 | 8,316,000 |
| Total capital | 8,603,000 | 8,792,000 | 8,858,000 | 8,937,000 |
| Risk-weighted assets | 48,951,000 | 51,794,000 | 51,466,000 | 49,490,000 |