Call reports 2003
CHELSEA STATE BANK — 2003
What CHELSEA STATE 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 | 176,793,000 | 180,371,000 | 184,322,000 | 189,345,000 |
| Total loans | 100,032,000 | 102,885,000 | 102,041,000 | 106,706,000 |
| Allowance for loan losses | 1,348,000 | 1,308,000 | 1,225,000 | 1,256,000 |
| Securities available for sale | 34,548,000 | 35,623,000 | 40,081,000 | 43,538,000 |
| Securities held to maturity | 20,506,000 | 19,608,000 | 19,840,000 | 20,169,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,942,000 | 151,299,000 | 155,041,000 | 160,136,000 |
| Interest-bearing deposits | 123,477,000 | 125,856,000 | 128,687,000 | 133,334,000 |
| Noninterest-bearing deposits | 24,465,000 | 25,443,000 | 26,354,000 | 26,802,000 |
| Equity capital | 28,053,000 | 28,262,000 | 28,555,000 | 28,514,000 |
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 | 2,494,000 | 4,994,000 | 7,413,000 | 9,816,000 |
| Interest expense | 631,000 | 1,231,000 | 1,826,000 | 2,374,000 |
| Net interest income | 1,863,000 | 3,763,000 | 5,587,000 | 7,442,000 |
| Noninterest income | 236,000 | 561,000 | 840,000 | 1,058,000 |
| Noninterest expense | 1,166,000 | 2,314,000 | 3,514,000 | 4,706,000 |
| Provision for loan losses | 27,000 | 54,000 | 81,000 | 140,000 |
| Pretax income | 906,000 | 1,956,000 | 2,832,000 | 3,654,000 |
| Income tax | 226,000 | 501,000 | 725,000 | 928,000 |
| Net income | 680,000 | 1,455,000 | 2,107,000 | 2,726,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,379,000 | 27,546,000 | 28,198,000 | 28,177,000 |
| Total capital | 28,670,000 | 28,854,000 | 29,423,000 | 29,433,000 |
| Risk-weighted assets | 103,228,000 | 106,841,000 | 108,383,000 | 114,263,000 |