Call reports 2003
GRANITE MOUNTAIN BANK, INC. — 2003
What GRANITE MOUNTAIN BANK, INC. 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 | 40,037,000 | 39,421,000 | 41,964,000 | 43,322,000 |
| Total loans | 30,060,000 | 30,085,000 | 31,687,000 | 29,948,000 |
| Allowance for loan losses | 265,000 | 268,000 | 310,000 | 281,000 |
| Securities available for sale | 4,013,000 | 2,837,000 | 3,143,000 | 4,439,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,043,000 | 32,292,000 | 34,861,000 | 36,152,000 |
| Interest-bearing deposits | 25,289,000 | 24,802,000 | 25,742,000 | 27,615,000 |
| Noninterest-bearing deposits | 7,754,000 | 7,490,000 | 9,119,000 | 8,537,000 |
| Equity capital | 3,903,000 | 4,015,000 | 4,046,000 | 3,894,000 |
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 | 696,000 | 1,367,000 | 2,030,000 | 2,695,000 |
| Interest expense | 161,000 | 314,000 | 463,000 | 596,000 |
| Net interest income | 535,000 | 1,053,000 | 1,567,000 | 2,099,000 |
| Noninterest income | 84,000 | 176,000 | 268,000 | 357,000 |
| Noninterest expense | 458,000 | 913,000 | 1,384,000 | 1,877,000 |
| Provision for loan losses | 11,000 | 34,000 | 69,000 | 114,000 |
| Pretax income | 150,000 | 282,000 | 382,000 | 465,000 |
| Income tax | 55,000 | 99,000 | 131,000 | 154,000 |
| Net income | 95,000 | 183,000 | 251,000 | 311,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,819,000 | 3,907,000 | 3,975,000 | 3,825,000 |
| Total capital | 4,084,000 | 4,175,000 | 4,285,000 | 4,106,000 |
| Risk-weighted assets | 30,309,000 | 30,606,000 | 31,613,000 | 33,482,000 |