Call reports 2002
OPTIMUMBANK — 2002
What OPTIMUMBANK 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 | 48,784,000 | 62,641,000 | 66,143,000 | 75,324,000 |
| Total loans | 41,085,000 | 47,302,000 | 50,988,000 | 62,878,000 |
| Allowance for loan losses | 210,000 | 230,000 | 255,000 | 288,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,012,000 | 8,070,000 | 7,751,000 | 6,550,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,746,000 | 43,962,000 | 46,028,000 | 51,825,000 |
| Interest-bearing deposits | 35,411,000 | 43,614,000 | 45,658,000 | 51,196,000 |
| Noninterest-bearing deposits | 335,000 | 348,000 | 370,000 | 629,000 |
| Equity capital | 8,439,000 | 8,780,000 | 10,425,000 | 13,627,000 |
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 | 806,000 | 1,794,000 | 2,961,000 | 4,195,000 |
| Interest expense | 378,000 | 836,000 | 1,367,000 | 1,923,000 |
| Net interest income | 428,000 | 958,000 | 1,594,000 | 2,272,000 |
| Noninterest income | 7,000 | 16,000 | 26,000 | 38,000 |
| Noninterest expense | 330,000 | 676,000 | 1,024,000 | 1,384,000 |
| Provision for loan losses | 37,000 | 57,000 | 82,000 | 115,000 |
| Pretax income | 68,000 | 241,000 | 514,000 | 811,000 |
| Income tax | 26,000 | 92,000 | 196,000 | 309,000 |
| Net income | 42,000 | 149,000 | 318,000 | 502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,223,000 | 8,630,000 | 10,379,000 | 13,627,000 |
| Total capital | 8,434,000 | 8,860,000 | 10,634,000 | 13,915,000 |
| Risk-weighted assets | 27,292,000 | 33,084,000 | 35,696,000 | 44,515,000 |