Call reports 2002
HERRING BANK — 2002
What HERRING BANK 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 | 283,727,000 | 282,583,000 | 289,623,000 | 306,851,000 |
| Total loans | 215,987,000 | 213,720,000 | 218,172,000 | 226,691,000 |
| Allowance for loan losses | 4,238,000 | 3,382,000 | 3,341,000 | 3,624,000 |
| Securities available for sale | 46,153,000 | 43,279,000 | 40,714,000 | 41,986,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,983,000 | 239,233,000 | 257,910,000 | 276,167,000 |
| Interest-bearing deposits | 208,501,000 | 207,909,000 | 228,953,000 | 245,546,000 |
| Noninterest-bearing deposits | 28,482,000 | 31,324,000 | 28,957,000 | 30,621,000 |
| Equity capital | 24,667,000 | 25,589,000 | 27,139,000 | 27,080,000 |
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 | 4,772,000 | 9,432,000 | 14,256,000 | 17,974,000 |
| Interest expense | 1,812,000 | 3,470,000 | 5,142,000 | 6,836,000 |
| Net interest income | 2,960,000 | 5,962,000 | 9,114,000 | 11,138,000 |
| Noninterest income | 1,342,000 | 2,657,000 | 4,076,000 | 6,321,000 |
| Noninterest expense | 2,880,000 | 5,773,000 | 8,807,000 | 12,837,000 |
| Provision for loan losses | 531,000 | 1,513,000 | 1,533,000 | 1,868,000 |
| Pretax income | 891,000 | 1,362,000 | 2,917,000 | 2,821,000 |
| Income tax | 260,000 | 366,000 | 851,000 | 769,000 |
| Net income | 631,000 | 996,000 | 2,066,000 | 2,052,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,708,000 | 24,092,000 | 25,177,000 | 25,173,000 |
| Total capital | 26,906,000 | 26,795,000 | 27,981,000 | 28,136,000 |
| Risk-weighted assets | 254,769,000 | 215,553,000 | 223,765,000 | 236,391,000 |