Call reports 2003
ANDOVER STATE BANK — 2003
What ANDOVER STATE 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 | 55,866,000 | 49,729,000 | 48,157,000 | 47,491,000 |
| Total loans | 32,038,000 | 32,246,000 | 29,761,000 | 29,797,000 |
| Allowance for loan losses | 301,000 | 300,000 | 301,000 | 291,000 |
| Securities available for sale | 11,702,000 | 11,660,000 | 11,477,000 | 9,153,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,949,000 | 44,811,000 | 43,258,000 | 42,761,000 |
| Interest-bearing deposits | 43,234,000 | 37,846,000 | 36,607,000 | 36,257,000 |
| Noninterest-bearing deposits | 7,715,000 | 6,965,000 | 6,651,000 | 6,504,000 |
| Equity capital | 4,484,000 | 4,585,000 | 4,614,000 | 4,546,000 |
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 | 681,000 | 1,318,000 | 1,947,000 | 2,534,000 |
| Interest expense | 156,000 | 300,000 | 435,000 | 549,000 |
| Net interest income | 525,000 | 1,018,000 | 1,512,000 | 1,985,000 |
| Noninterest income | 290,000 | 534,000 | 850,000 | 1,019,000 |
| Noninterest expense | 627,000 | 1,230,000 | 1,869,000 | 2,398,000 |
| Provision for loan losses | 8,000 | 22,000 | 25,000 | 31,000 |
| Pretax income | 180,000 | 300,000 | 468,000 | 575,000 |
| Income tax | 66,000 | 112,000 | 172,000 | 212,000 |
| Net income | 114,000 | 188,000 | 296,000 | 363,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,318,000 | 4,392,000 | 4,500,000 | 4,470,000 |
| Total capital | 4,619,000 | 4,692,000 | 4,801,000 | 4,761,000 |
| Risk-weighted assets | 31,401,000 | 28,283,000 | 27,000,000 | 27,454,000 |