Call reports 2003
FIRST ESSEX BANK — 2003
What FIRST ESSEX 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 | 1,756,566,000 | 1,779,085,000 | 1,746,632,000 | 1,748,686,000 |
| Total loans | 1,170,942,000 | 1,208,585,000 | 1,218,016,000 | 1,216,175,000 |
| Allowance for loan losses | 14,472,000 | 15,192,000 | 15,334,000 | 15,017,000 |
| Securities available for sale | 441,132,000 | 415,874,000 | 394,200,000 | 390,800,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,389,958,000 | 1,375,280,000 | 1,331,065,000 | 1,300,932,000 |
| Interest-bearing deposits | 1,214,565,000 | 1,189,962,000 | 1,170,500,000 | 1,131,353,000 |
| Noninterest-bearing deposits | 175,393,000 | 185,318,000 | 160,565,000 | 169,579,000 |
| Equity capital | 161,080,000 | 168,910,000 | 172,067,000 | 184,028,000 |
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 | 24,836,000 | 50,229,000 | 74,587,000 | 98,920,000 |
| Interest expense | 8,651,000 | 16,532,000 | 23,931,000 | 30,724,000 |
| Net interest income | 16,185,000 | 33,697,000 | 50,656,000 | 68,196,000 |
| Noninterest income | 2,641,000 | 5,194,000 | 7,725,000 | 9,987,000 |
| Noninterest expense | 8,611,000 | 18,142,000 | 26,951,000 | 38,721,000 |
| Provision for loan losses | 1,938,000 | 3,876,000 | 5,814,000 | 8,832,000 |
| Pretax income | 8,277,000 | 16,873,000 | 25,616,000 | 30,630,000 |
| Income tax | 2,929,000 | 6,281,000 | 9,467,000 | 11,353,000 |
| Net income | 5,348,000 | 10,592,000 | 16,149,000 | 19,277,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,962,000 | 148,545,000 | 154,413,000 | 166,656,000 |
| Total capital | 157,434,000 | 163,737,000 | 169,747,000 | 181,673,000 |
| Risk-weighted assets | 1,360,023,000 | 1,391,182,000 | 1,380,671,000 | 1,378,872,000 |
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