Call reports 2003
FIRST BANK ELK RIVER — 2003
What FIRST BANK ELK RIVER 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 | 415,529,000 | 424,275,000 | 416,538,000 | 399,471,000 |
| Total loans | 308,776,000 | 304,825,000 | 287,513,000 | 268,814,000 |
| Allowance for loan losses | 7,443,000 | 8,104,000 | 7,063,000 | 7,282,000 |
| Securities available for sale | 53,351,000 | 65,056,000 | 62,644,000 | 80,800,000 |
| Securities held to maturity | 8,144,000 | 11,802,000 | 13,345,000 | 13,296,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 363,627,000 | 371,492,000 | 367,840,000 | 348,065,000 |
| Interest-bearing deposits | 324,973,000 | 329,723,000 | 326,078,000 | 308,937,000 |
| Noninterest-bearing deposits | 38,654,000 | 41,769,000 | 41,762,000 | 39,128,000 |
| Equity capital | 36,516,000 | 37,078,000 | 33,648,000 | 35,567,000 |
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 | 6,495,000 | 12,768,000 | 18,597,000 | 24,087,000 |
| Interest expense | 2,412,000 | 4,738,000 | 6,971,000 | 9,036,000 |
| Net interest income | 4,083,000 | 8,030,000 | 11,626,000 | 15,051,000 |
| Noninterest income | 1,141,000 | 2,151,000 | 3,215,000 | 3,995,000 |
| Noninterest expense | 3,176,000 | 6,695,000 | 9,780,000 | 12,809,000 |
| Provision for loan losses | 1,200,000 | 2,500,000 | 3,750,000 | 4,000,000 |
| Pretax income | 1,218,000 | 1,349,000 | 1,674,000 | 2,643,000 |
| Income tax | 2,231,000 | 2,231,000 | 2,231,000 | 2,256,000 |
| Net income | -1,013,000 | -882,000 | -557,000 | 387,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,625,000 | 35,756,000 | 35,331,000 | 36,275,000 |
| Total capital | 39,938,000 | 40,128,000 | 39,507,000 | 40,192,000 |
| Risk-weighted assets | 341,926,000 | 346,042,000 | 331,209,000 | 310,012,000 |