Call reports 2002
NEW FRONTIER BANK — 2002
What NEW FRONTIER BANK 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 | 42,796,000 | 44,965,000 | 55,456,000 | 62,057,000 |
| Total loans | 27,923,000 | 31,995,000 | 41,707,000 | 47,659,000 |
| Allowance for loan losses | 279,000 | 320,000 | 417,000 | 486,000 |
| Securities available for sale | 10,239,000 | 8,120,000 | 9,469,000 | 8,192,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,036,000 | 36,780,000 | 40,304,000 | 46,872,000 |
| Interest-bearing deposits | 31,511,000 | 33,180,000 | 36,538,000 | 42,332,000 |
| Noninterest-bearing deposits | 2,525,000 | 3,600,000 | 3,766,000 | 4,540,000 |
| Equity capital | 5,074,000 | 5,008,000 | 7,903,000 | 7,965,000 |
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 | 572,000 | 1,189,000 | 1,899,000 | 2,813,000 |
| Interest expense | 256,000 | 567,000 | 913,000 | 1,286,000 |
| Net interest income | 316,000 | 622,000 | 986,000 | 1,527,000 |
| Noninterest income | 24,000 | 52,000 | 91,000 | 142,000 |
| Noninterest expense | 422,000 | 846,000 | 1,283,000 | 1,733,000 |
| Provision for loan losses | 51,000 | 91,000 | 188,000 | 257,000 |
| Pretax income | -119,000 | -231,000 | -353,000 | -281,000 |
| Income tax | -30,000 | -58,000 | -88,000 | -70,000 |
| Net income | -89,000 | -173,000 | -265,000 | -211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,565,000 | 4,462,000 | 7,333,000 | 7,409,000 |
| Total capital | 4,844,000 | 4,782,000 | 7,750,000 | 7,895,000 |
| Risk-weighted assets | 29,026,000 | 32,629,000 | 42,279,000 | 49,225,000 |