Call reports 2002
FIRST ESSEX BANK — 2002
What FIRST ESSEX BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 1,675,417,000 | 1,698,708,000 | 1,767,001,000 | 1,777,083,000 |
| Total loans | 1,071,729,000 | 1,112,375,000 | 1,124,884,000 | 1,136,798,000 |
| Allowance for loan losses | 13,623,000 | 13,715,000 | 14,474,000 | 14,452,000 |
| Securities available for sale | 424,882,000 | 415,416,000 | 448,135,000 | 443,236,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,318,934,000 | 1,333,900,000 | 1,390,374,000 | 1,397,001,000 |
| Interest-bearing deposits | 1,173,540,000 | 1,176,283,000 | 1,231,191,000 | 1,241,349,000 |
| Noninterest-bearing deposits | 145,394,000 | 157,617,000 | 159,183,000 | 155,652,000 |
| Equity capital | 138,242,000 | 146,369,000 | 152,589,000 | 158,958,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 26,717,000 | 53,614,000 | 80,568,000 | 106,649,000 |
| Interest expense | 10,781,000 | 21,294,000 | 31,514,000 | 41,306,000 |
| Net interest income | 15,936,000 | 32,320,000 | 49,054,000 | 65,343,000 |
| Noninterest income | 2,343,000 | 4,647,000 | 7,550,000 | 10,158,000 |
| Noninterest expense | 8,627,000 | 17,174,000 | 25,889,000 | 34,666,000 |
| Provision for loan losses | 1,812,000 | 4,424,000 | 6,236,000 | 8,048,000 |
| Pretax income | 7,840,000 | 15,369,000 | 24,479,000 | 32,787,000 |
| Income tax | 2,849,000 | 5,581,000 | 8,894,000 | 11,834,000 |
| Net income | 4,991,000 | 9,788,000 | 15,585,000 | 21,063,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,056,000 | 125,273,000 | 131,466,000 | 137,275,000 |
| Total capital | 133,679,000 | 138,988,000 | 145,940,000 | 151,727,000 |
| Risk-weighted assets | 1,261,968,000 | 1,311,731,000 | 1,385,491,000 | 1,402,347,000 |