Call reports 2003
FIRST & OCEAN NATIONAL BANK — 2003
What FIRST & OCEAN NATIONAL 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 |
|---|---|---|---|
| Total assets | 255,267,000 | 273,589,000 | 271,655,000 |
| Total loans | 187,592,000 | 192,542,000 | 209,827,000 |
| Allowance for loan losses | 2,548,000 | 2,615,000 | 2,642,000 |
| Securities available for sale | 34,814,000 | 45,583,000 | 43,295,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 214,123,000 | 232,814,000 | 229,934,000 |
| Interest-bearing deposits | 186,467,000 | 203,722,000 | 200,233,000 |
| Noninterest-bearing deposits | 27,656,000 | 29,092,000 | 29,701,000 |
| Equity capital | 20,596,000 | 20,308,000 | 19,666,000 |
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 |
|---|---|---|---|
| Interest income | 3,406,000 | 6,684,000 | 10,099,000 |
| Interest expense | 947,000 | 1,936,000 | 2,845,000 |
| Net interest income | 2,459,000 | 4,748,000 | 7,254,000 |
| Noninterest income | 443,000 | 1,150,000 | 1,539,000 |
| Noninterest expense | 1,837,000 | 3,776,000 | 5,720,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 |
| Pretax income | 990,000 | 1,972,000 | 2,907,000 |
| Income tax | 377,000 | 739,000 | 1,068,000 |
| Net income | 442,000 | 1,146,000 | 1,752,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 |
|---|---|---|---|
| Tier 1 capital | 19,739,000 | 19,484,000 | 19,592,000 |
| Total capital | 21,904,000 | 21,744,000 | 21,944,000 |
| Risk-weighted assets | 172,808,000 | 180,417,000 | 187,840,000 |