Call reports 2003
PACESETTER BANK — 2003
What PACESETTER 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 | 102,482,000 | 104,485,000 | 103,401,000 | 102,002,000 |
| Total loans | 60,290,000 | 61,337,000 | 63,720,000 | 66,103,000 |
| Allowance for loan losses | 731,000 | 724,000 | 709,000 | 687,000 |
| Securities available for sale | 8,810,000 | 10,077,000 | 10,065,000 | 9,296,000 |
| Securities held to maturity | 8,936,000 | 8,425,000 | 7,950,000 | 7,439,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,971,000 | 90,311,000 | 89,110,000 | 87,777,000 |
| Interest-bearing deposits | 77,824,000 | 80,059,000 | 79,880,000 | 78,943,000 |
| Noninterest-bearing deposits | 10,147,000 | 10,252,000 | 9,230,000 | 8,834,000 |
| Equity capital | 10,236,000 | 10,376,000 | 10,391,000 | 10,553,000 |
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 | 1,352,000 | 2,689,000 | 4,027,000 | 5,362,000 |
| Interest expense | 443,000 | 867,000 | 1,219,000 | 1,545,000 |
| Net interest income | 909,000 | 1,822,000 | 2,808,000 | 3,817,000 |
| Noninterest income | 215,000 | 471,000 | 710,000 | 958,000 |
| Noninterest expense | 875,000 | 1,752,000 | 2,650,000 | 3,557,000 |
| Provision for loan losses | 37,000 | 75,000 | 110,000 | 140,000 |
| Pretax income | 230,000 | 484,000 | 776,000 | 1,096,000 |
| Income tax | 71,000 | 145,000 | 239,000 | 340,000 |
| Net income | 159,000 | 339,000 | 537,000 | 756,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,026,000 | 10,148,000 | 10,287,000 | 10,449,000 |
| Total capital | 10,812,000 | 10,948,000 | 11,073,000 | 11,212,000 |
| Risk-weighted assets | 56,949,000 | 57,624,000 | 59,281,000 | 60,154,000 |