Call reports 2003
SHORE BANK — 2003
What SHORE 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 | 179,189,000 | 185,260,000 | 189,037,000 | 193,953,000 |
| Total loans | 121,220,000 | 128,641,000 | 132,691,000 | 142,209,000 |
| Allowance for loan losses | 1,697,000 | 1,781,000 | 1,875,000 | 2,002,000 |
| Securities available for sale | 35,076,000 | 35,212,000 | 36,336,000 | 35,501,000 |
| Securities held to maturity | 5,003,000 | 5,002,000 | 3,000,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,224,000 | 159,415,000 | 167,285,000 | 160,749,000 |
| Interest-bearing deposits | 141,650,000 | 139,184,000 | 143,128,000 | 139,857,000 |
| Noninterest-bearing deposits | 18,574,000 | 20,231,000 | 24,157,000 | 20,892,000 |
| Equity capital | 14,703,000 | 15,355,000 | 15,594,000 | 15,989,000 |
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 | 2,341,000 | 4,706,000 | 7,085,000 | 9,455,000 |
| Interest expense | 902,000 | 1,741,000 | 2,547,000 | 3,275,000 |
| Net interest income | 1,439,000 | 2,965,000 | 4,538,000 | 6,180,000 |
| Noninterest income | 372,000 | 756,000 | 1,147,000 | 1,524,000 |
| Noninterest expense | 1,089,000 | 2,200,000 | 3,370,000 | 4,585,000 |
| Provision for loan losses | 95,000 | 190,000 | 285,000 | 380,000 |
| Pretax income | 627,000 | 1,331,000 | 2,037,000 | 2,746,000 |
| Income tax | 201,000 | 430,000 | 712,000 | 867,000 |
| Net income | 426,000 | 901,000 | 1,325,000 | 1,879,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,374,000 | 13,854,000 | 14,291,000 | 14,884,000 |
| Total capital | 14,769,000 | 15,329,000 | 15,812,000 | 16,487,000 |
| Risk-weighted assets | 111,321,000 | 117,697,000 | 121,354,000 | 127,336,000 |