Call reports 2004
FLORENCE NATIONAL BANK — 2004
What FLORENCE NATIONAL BANK 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 | 60,340,000 | 62,560,000 | 65,934,000 | 72,467,000 |
| Total loans | 51,201,000 | 58,124,000 | 61,778,000 | 67,738,000 |
| Allowance for loan losses | 559,000 | 594,000 | 597,000 | 579,000 |
| Securities available for sale | 1,257,000 | 1,214,000 | 1,250,000 | 1,239,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,544,000 | 53,735,000 | 54,527,000 | 59,748,000 |
| Interest-bearing deposits | 45,168,000 | 46,310,000 | 47,527,000 | 52,491,000 |
| Noninterest-bearing deposits | 6,376,000 | 7,425,000 | 7,000,000 | 7,257,000 |
| Equity capital | 6,090,000 | 6,101,000 | 6,204,000 | 6,197,000 |
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 | 734,000 | 1,491,000 | 2,330,000 | 3,320,000 |
| Interest expense | 239,000 | 497,000 | 777,000 | 1,112,000 |
| Net interest income | 495,000 | 994,000 | 1,553,000 | 2,208,000 |
| Noninterest income | 161,000 | 332,000 | 480,000 | 655,000 |
| Noninterest expense | 473,000 | 967,000 | 1,415,000 | 1,879,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 310,000 |
| Pretax income | 168,000 | 328,000 | 572,000 | 673,000 |
| Income tax | 62,000 | 117,000 | 212,000 | 245,000 |
| Net income | 106,000 | 211,000 | 360,000 | 428,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,085,000 | 6,121,000 | 6,202,000 | 6,202,000 |
| Total capital | 6,644,000 | 6,715,000 | 6,799,000 | 6,781,000 |
| Risk-weighted assets | 50,140,000 | 54,521,000 | 58,188,000 | 64,321,000 |