Call reports 2013
PACESETTER BANK — 2013
What PACESETTER BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Total assets | 138,908,000 | 134,485,000 |
| Total loans | 74,986,000 | 77,606,000 |
| Allowance for loan losses | 1,225,000 | 941,000 |
| Securities available for sale | 19,503,000 | 17,464,000 |
| Securities held to maturity | 9,853,000 | 10,866,000 |
| Trading assets | 0 | 0 |
| Total deposits | 124,039,000 | 119,837,000 |
| Interest-bearing deposits | 106,271,000 | 102,734,000 |
| Noninterest-bearing deposits | 17,768,000 | 17,103,000 |
| Equity capital | 13,954,000 | 13,958,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Interest income | 1,160,000 | 2,341,000 |
| Interest expense | 77,000 | 150,000 |
| Net interest income | 1,083,000 | 2,191,000 |
| Noninterest income | 276,000 | 584,000 |
| Noninterest expense | 1,101,000 | 2,172,000 |
| Provision for loan losses | 60,000 | 125,000 |
| Pretax income | 198,000 | 478,000 |
| Income tax | 60,000 | 165,000 |
| Net income | 138,000 | 313,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Tier 1 capital | 13,875,000 | 13,967,000 |
| Total capital | 14,895,000 | 14,991,000 |
| Risk-weighted assets | 75,491,000 | 78,576,000 |