Call reports 2003
FIRST NATIONAL BANK OF STERLING CITY, THE — 2003
What FIRST NATIONAL BANK OF STERLING CITY, THE 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 | 42,524,000 | 39,108,000 | 38,249,000 | 38,261,000 |
| Total loans | 12,568,000 | 13,551,000 | 13,902,000 | 13,075,000 |
| Allowance for loan losses | 107,000 | 107,000 | 118,000 | 118,000 |
| Securities available for sale | 17,207,000 | 14,056,000 | 13,155,000 | 13,171,000 |
| Securities held to maturity | 5,754,000 | 5,575,000 | 5,788,000 | 5,798,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,215,000 | 31,658,000 | 30,882,000 | 31,393,000 |
| Interest-bearing deposits | 29,089,000 | 25,364,000 | 23,052,000 | 22,240,000 |
| Noninterest-bearing deposits | 6,126,000 | 6,294,000 | 7,830,000 | 9,153,000 |
| Equity capital | 6,961,000 | 7,094,000 | 7,083,000 | 6,675,000 |
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 | 463,000 | 928,000 | 1,382,000 | 1,815,000 |
| Interest expense | 49,000 | 96,000 | 127,000 | 151,000 |
| Net interest income | 414,000 | 832,000 | 1,255,000 | 1,664,000 |
| Noninterest income | 71,000 | 144,000 | 213,000 | 286,000 |
| Noninterest expense | 364,000 | 718,000 | 1,055,000 | 1,429,000 |
| Provision for loan losses | 7,000 | 13,000 | 15,000 | 15,000 |
| Pretax income | 114,000 | 245,000 | 398,000 | 506,000 |
| Income tax | 33,000 | 63,000 | 86,000 | 79,000 |
| Net income | 81,000 | 182,000 | 312,000 | 427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,617,000 | 6,707,000 | 6,837,000 | 6,472,000 |
| Total capital | 6,724,000 | 6,814,000 | 6,955,000 | 6,590,000 |
| Risk-weighted assets | 19,227,000 | 19,961,000 | 20,105,000 | 19,509,000 |