Call reports 2004
PACESETTER BANK — 2004
What PACESETTER 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 | 100,694,000 | 99,974,000 | 99,701,000 | 100,248,000 |
| Total loans | 65,991,000 | 67,343,000 | 68,272,000 | 66,696,000 |
| Allowance for loan losses | 639,000 | 676,000 | 702,000 | 713,000 |
| Securities available for sale | 9,770,000 | 8,821,000 | 8,368,000 | 7,733,000 |
| Securities held to maturity | 7,200,000 | 6,190,000 | 6,081,000 | 4,473,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,350,000 | 85,844,000 | 85,305,000 | 85,766,000 |
| Interest-bearing deposits | 77,725,000 | 77,208,000 | 76,670,000 | 76,731,000 |
| Noninterest-bearing deposits | 8,625,000 | 8,636,000 | 8,635,000 | 9,035,000 |
| Equity capital | 10,741,000 | 10,753,000 | 10,986,000 | 11,137,000 |
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 | 1,305,000 | 2,597,000 | 3,876,000 | 5,186,000 |
| Interest expense | 284,000 | 557,000 | 837,000 | 1,133,000 |
| Net interest income | 1,021,000 | 2,040,000 | 3,039,000 | 4,053,000 |
| Noninterest income | 240,000 | 506,000 | 776,000 | 993,000 |
| Noninterest expense | 913,000 | 1,816,000 | 2,706,000 | 3,571,000 |
| Provision for loan losses | 45,000 | 129,000 | 174,000 | 219,000 |
| Pretax income | 303,000 | 601,000 | 935,000 | 1,263,000 |
| Income tax | 102,000 | 211,000 | 325,000 | 439,000 |
| Net income | 201,000 | 390,000 | 610,000 | 824,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,591,000 | 10,722,000 | 10,877,000 | 11,023,000 |
| Total capital | 11,310,000 | 11,478,000 | 11,665,000 | 11,842,000 |
| Risk-weighted assets | 60,357,000 | 60,789,000 | 60,978,000 | 60,866,000 |