Call reports 2004
KENT BANK — 2004
What KENT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 75,543,000 | 80,470,000 | 80,885,000 | 86,743,000 |
| Total loans | 52,085,000 | 54,317,000 | 52,974,000 | 57,961,000 |
| Allowance for loan losses | 445,000 | 344,000 | 344,000 | 447,000 |
| Securities available for sale | 18,287,000 | 21,158,000 | 19,332,000 | 22,653,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,370,000 | 60,491,000 | 62,853,000 | 65,852,000 |
| Interest-bearing deposits | 53,937,000 | 56,095,000 | 58,268,000 | 60,743,000 |
| Noninterest-bearing deposits | 4,433,000 | 4,396,000 | 4,585,000 | 5,109,000 |
| Equity capital | 7,954,000 | 7,948,000 | 8,682,000 | 9,002,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 998,000 | 2,052,000 | 3,124,000 | 4,256,000 |
| Interest expense | 334,000 | 679,000 | 1,039,000 | 1,410,000 |
| Net interest income | 664,000 | 1,373,000 | 2,085,000 | 2,846,000 |
| Noninterest income | 74,000 | 137,000 | 180,000 | 283,000 |
| Noninterest expense | 342,000 | 736,000 | 1,118,000 | 1,509,000 |
| Provision for loan losses | 50,000 | 50,000 | 100,000 | 200,000 |
| Pretax income | 366,000 | 744,000 | 1,064,000 | 1,437,000 |
| Income tax | 240,000 | 246,000 | 250,000 | 239,000 |
| Net income | 126,000 | 498,000 | 814,000 | 1,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,695,000 | 7,066,000 | 7,383,000 | 7,767,000 |
| Total capital | 7,140,000 | 7,410,000 | 7,727,000 | 8,214,000 |
| Risk-weighted assets | 53,668,000 | 57,981,000 | 57,681,000 | 63,545,000 |