Call reports 2002
FIRST BANK ELK RIVER — 2002
What FIRST BANK ELK RIVER 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 | 406,665,000 | 414,831,000 | 425,462,000 | 426,411,000 |
| Total loans | 304,134,000 | 321,011,000 | 315,733,000 | 314,697,000 |
| Allowance for loan losses | 5,695,000 | 6,011,000 | 7,586,000 | 6,384,000 |
| Securities available for sale | 44,778,000 | 46,028,000 | 58,743,000 | 60,726,000 |
| Securities held to maturity | 9,837,000 | 9,836,000 | 9,750,000 | 9,404,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 355,550,000 | 361,129,000 | 370,226,000 | 370,989,000 |
| Interest-bearing deposits | 318,335,000 | 327,688,000 | 331,960,000 | 329,015,000 |
| Noninterest-bearing deposits | 37,215,000 | 33,441,000 | 38,266,000 | 41,974,000 |
| Equity capital | 31,854,000 | 35,095,000 | 35,733,000 | 38,378,000 |
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 | 6,676,000 | 13,738,000 | 20,782,000 | 27,587,000 |
| Interest expense | 3,024,000 | 5,888,000 | 8,628,000 | 11,229,000 |
| Net interest income | 3,652,000 | 7,850,000 | 12,154,000 | 16,358,000 |
| Noninterest income | 778,000 | 1,855,000 | 2,882,000 | 4,084,000 |
| Noninterest expense | 2,718,000 | 5,460,000 | 8,394,000 | 11,214,000 |
| Provision for loan losses | 300,000 | 600,000 | 2,200,000 | 2,650,000 |
| Pretax income | 1,412,000 | 3,652,000 | 4,449,000 | 6,585,000 |
| Income tax | 530,000 | 1,397,000 | 1,692,000 | 2,367,000 |
| Net income | 882,000 | 2,255,000 | 2,757,000 | 4,218,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,753,000 | 34,476,000 | 34,977,000 | 37,438,000 |
| Total capital | 35,962,000 | 38,910,000 | 39,402,000 | 41,838,000 |
| Risk-weighted assets | 335,197,000 | 353,119,000 | 350,867,000 | 349,992,000 |