Call reports 2003
OPTIMUMBANK — 2003
What OPTIMUMBANK 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 | 83,401,000 | 104,790,000 | 125,134,000 | 135,180,000 |
| Total loans | 68,042,000 | 89,731,000 | 107,830,000 | 113,197,000 |
| Allowance for loan losses | 323,000 | 371,000 | 458,000 | 492,000 |
| Securities available for sale | 0 | 250,000 | 251,000 | 246,000 |
| Securities held to maturity | 7,348,000 | 5,949,000 | 7,400,000 | 16,539,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,196,000 | 70,434,000 | 81,479,000 | 81,183,000 |
| Interest-bearing deposits | 53,376,000 | 69,593,000 | 80,315,000 | 79,978,000 |
| Noninterest-bearing deposits | 820,000 | 841,000 | 1,164,000 | 1,205,000 |
| Equity capital | 14,095,000 | 14,278,000 | 14,543,000 | 14,900,000 |
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 | 1,329,000 | 2,849,000 | 4,714,000 | 6,783,000 |
| Interest expense | 588,000 | 1,275,000 | 2,101,000 | 2,986,000 |
| Net interest income | 741,000 | 1,574,000 | 2,613,000 | 3,797,000 |
| Noninterest income | 11,000 | 26,000 | 45,000 | 56,000 |
| Noninterest expense | 441,000 | 948,000 | 1,496,000 | 2,075,000 |
| Provision for loan losses | 35,000 | 83,000 | 170,000 | 204,000 |
| Pretax income | 276,000 | 569,000 | 992,000 | 1,574,000 |
| Income tax | 105,000 | 217,000 | 378,000 | 600,000 |
| Net income | 171,000 | 352,000 | 614,000 | 974,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,095,000 | 14,278,000 | 14,543,000 | 14,896,000 |
| Total capital | 14,419,000 | 14,649,000 | 15,001,000 | 15,388,000 |
| Risk-weighted assets | 54,481,000 | 69,951,000 | 85,748,000 | 92,103,000 |