Call reports 2003
NEW FRONTIER BANK — 2003
What NEW FRONTIER BANK 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 | 68,535,000 | 71,498,000 | 76,754,000 | 83,121,000 |
| Total loans | 49,581,000 | 56,377,000 | 63,120,000 | 68,155,000 |
| Allowance for loan losses | 501,000 | 564,000 | 631,000 | 571,000 |
| Securities available for sale | 8,648,000 | 8,394,000 | 7,293,000 | 7,131,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,371,000 | 56,227,000 | 60,428,000 | 65,634,000 |
| Interest-bearing deposits | 47,369,000 | 49,096,000 | 52,147,000 | 54,593,000 |
| Noninterest-bearing deposits | 6,002,000 | 7,131,000 | 8,281,000 | 11,041,000 |
| Equity capital | 7,969,000 | 8,015,000 | 8,072,000 | 8,160,000 |
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 | 880,000 | 1,809,000 | 2,812,000 | 3,901,000 |
| Interest expense | 381,000 | 768,000 | 1,162,000 | 1,568,000 |
| Net interest income | 499,000 | 1,041,000 | 1,650,000 | 2,333,000 |
| Noninterest income | 61,000 | 177,000 | 310,000 | 379,000 |
| Noninterest expense | 506,000 | 1,031,000 | 1,591,000 | 2,157,000 |
| Provision for loan losses | 20,000 | 84,000 | 155,000 | 207,000 |
| Pretax income | 34,000 | 101,000 | 220,000 | 355,000 |
| Income tax | 9,000 | 25,000 | 55,000 | 89,000 |
| Net income | 25,000 | 76,000 | 165,000 | 266,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,432,000 | 7,495,000 | 7,594,000 | 7,722,000 |
| Total capital | 7,933,000 | 8,059,000 | 8,225,000 | 8,404,000 |
| Risk-weighted assets | 54,687,000 | 58,443,000 | 64,864,000 | 67,444,000 |