Call reports 2003
FLORENCE NATIONAL BANK — 2003
What FLORENCE NATIONAL 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 | 54,394,000 | 55,668,000 | 56,553,000 | 57,141,000 |
| Total loans | 49,413,000 | 49,568,000 | 51,065,000 | 50,901,000 |
| Allowance for loan losses | 535,000 | 565,000 | 585,000 | 544,000 |
| Securities available for sale | 751,000 | 516,000 | 749,000 | 1,250,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,974,000 | 48,217,000 | 47,942,000 | 48,388,000 |
| Interest-bearing deposits | 42,166,000 | 40,948,000 | 41,099,000 | 42,929,000 |
| Noninterest-bearing deposits | 4,808,000 | 7,269,000 | 6,843,000 | 5,459,000 |
| Equity capital | 4,649,000 | 4,776,000 | 4,915,000 | 5,047,000 |
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 | 816,000 | 1,614,000 | 2,415,000 | 3,219,000 |
| Interest expense | 284,000 | 555,000 | 816,000 | 1,073,000 |
| Net interest income | 532,000 | 1,059,000 | 1,599,000 | 2,146,000 |
| Noninterest income | 154,000 | 299,000 | 450,000 | 584,000 |
| Noninterest expense | 441,000 | 882,000 | 1,329,000 | 1,787,000 |
| Provision for loan losses | 30,000 | 60,000 | 70,000 | 77,000 |
| Pretax income | 215,000 | 416,000 | 650,000 | 866,000 |
| Income tax | 77,000 | 150,000 | 235,000 | 319,000 |
| Net income | 138,000 | 266,000 | 415,000 | 547,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,639,000 | 4,766,000 | 4,916,000 | 5,047,000 |
| Total capital | 5,174,000 | 5,331,000 | 5,501,000 | 5,591,000 |
| Risk-weighted assets | 48,309,000 | 49,371,000 | 50,460,000 | 51,042,000 |