Call reports 2003
SECURITY BANK OF GWINNETT COUNTY — 2003
What SECURITY BANK OF GWINNETT COUNTY 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 | 24,134,000 | 40,280,000 | 50,105,000 | 50,766,000 |
| Total loans | 1,045,000 | 3,289,000 | 18,503,000 | 23,151,000 |
| Allowance for loan losses | 11,000 | 33,000 | 186,000 | 232,000 |
| Securities available for sale | 2,016,000 | 9,124,000 | 14,907,000 | 17,826,000 |
| Securities held to maturity | 0 | 0 | 3,000,000 | 3,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,494,000 | 30,045,000 | 40,301,000 | 41,178,000 |
| Interest-bearing deposits | 13,479,000 | 29,970,000 | 40,009,000 | 40,821,000 |
| Noninterest-bearing deposits | 15,000 | 75,000 | 292,000 | 357,000 |
| Equity capital | 10,533,000 | 10,080,000 | 9,645,000 | 9,360,000 |
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 | 74,000 | 216,000 | 534,000 | 994,000 |
| Interest expense | 13,000 | 195,000 | 399,000 | 632,000 |
| Net interest income | 61,000 | 21,000 | 135,000 | 362,000 |
| Noninterest income | 0 | 1,000 | 101,000 | 103,000 |
| Noninterest expense | 1,517,000 | 1,975,000 | 2,409,000 | 2,932,000 |
| Provision for loan losses | 11,000 | 33,000 | 186,000 | 232,000 |
| Pretax income | -1,467,000 | -1,986,000 | -2,362,000 | -2,702,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -1,467,000 | -1,986,000 | -2,362,000 | -2,702,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,533,000 | 10,014,000 | 9,638,000 | 9,298,000 |
| Total capital | 10,544,000 | 10,047,000 | 9,824,000 | 9,530,000 |
| Risk-weighted assets | 6,731,000 | 11,931,000 | 21,340,000 | 26,370,000 |