Call reports 2003
MOREHEAD BANK — 2003
What MOREHEAD 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 | 50,490,000 | 52,711,000 | 50,858,000 | 50,664,000 |
| Total loans | 37,796,000 | 37,983,000 | 38,550,000 | 37,977,000 |
| Allowance for loan losses | 757,000 | 763,000 | 771,000 | 778,000 |
| Securities available for sale | 9,378,000 | 8,870,000 | 9,295,000 | 9,207,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,276,000 | 36,809,000 | 35,190,000 | 35,036,000 |
| Interest-bearing deposits | 29,319,000 | 29,824,000 | 29,871,000 | 30,104,000 |
| Noninterest-bearing deposits | 4,957,000 | 6,985,000 | 5,319,000 | 4,932,000 |
| Equity capital | 3,485,000 | 3,600,000 | 3,339,000 | 3,431,000 |
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 | 789,000 | 1,591,000 | 2,374,000 | 3,146,000 |
| Interest expense | 332,000 | 645,000 | 940,000 | 1,216,000 |
| Net interest income | 457,000 | 946,000 | 1,434,000 | 1,930,000 |
| Noninterest income | 127,000 | 268,000 | 411,000 | 559,000 |
| Noninterest expense | 437,000 | 889,000 | 1,336,000 | 1,731,000 |
| Provision for loan losses | 18,000 | 34,000 | 68,000 | 77,000 |
| Pretax income | 129,000 | 291,000 | 441,000 | 681,000 |
| Income tax | 44,000 | 98,000 | 148,000 | 231,000 |
| Net income | 85,000 | 193,000 | 293,000 | 426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,293,000 | 3,401,000 | 3,201,000 | 3,334,000 |
| Total capital | 3,654,000 | 3,778,000 | 3,577,000 | 3,708,000 |
| Risk-weighted assets | 28,482,000 | 29,771,000 | 29,651,000 | 29,557,000 |