Call reports 2002
FIRST NATIONAL BANK OF CHELSEA — 2002
What FIRST NATIONAL BANK OF CHELSEA 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 | 23,518,000 | 22,258,000 | 22,378,000 | 22,077,000 |
| Total loans | 13,522,000 | 12,759,000 | 12,089,000 | 11,577,000 |
| Allowance for loan losses | 225,000 | 225,000 | 235,000 | 332,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 5,450,000 | 6,451,000 | 6,577,000 | 7,100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,651,000 | 20,306,000 | 20,365,000 | 20,147,000 |
| Interest-bearing deposits | 17,948,000 | 17,043,000 | 17,120,000 | 16,674,000 |
| Noninterest-bearing deposits | 3,703,000 | 3,262,000 | 3,245,000 | 3,473,000 |
| Equity capital | 1,809,000 | 1,898,000 | 1,967,000 | 1,893,000 |
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 | 413,000 | 825,000 | 1,222,000 | 1,602,000 |
| Interest expense | 191,000 | 317,000 | 439,000 | 553,000 |
| Net interest income | 222,000 | 508,000 | 783,000 | 1,049,000 |
| Noninterest income | 109,000 | 253,000 | 382,000 | 485,000 |
| Noninterest expense | 356,000 | 689,000 | 1,018,000 | 1,339,000 |
| Provision for loan losses | 77,000 | 90,000 | 95,000 | 216,000 |
| Pretax income | -102,000 | -18,000 | 52,000 | -21,000 |
| Income tax | -5,000 | -4,000 | -2,000 | -1,000 |
| Net income | -97,000 | -14,000 | 54,000 | -20,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,809,000 | 1,898,000 | 1,967,000 | 1,893,000 |
| Total capital | 1,977,000 | 2,060,000 | 2,123,000 | 2,045,000 |
| Risk-weighted assets | 13,815,000 | 12,902,000 | 12,420,000 | 11,966,000 |