Call reports 2003
HERRING BANK — 2003
What HERRING 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 | 323,012,000 | 327,400,000 | 327,202,000 | 332,958,000 |
| Total loans | 237,813,000 | 244,941,000 | 260,116,000 | 261,373,000 |
| Allowance for loan losses | 3,601,000 | 3,668,000 | 3,932,000 | 4,098,000 |
| Securities available for sale | 41,638,000 | 41,636,000 | 37,320,000 | 34,571,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,362,000 | 283,636,000 | 287,586,000 | 299,202,000 |
| Interest-bearing deposits | 259,548,000 | 255,414,000 | 255,977,000 | 262,600,000 |
| Noninterest-bearing deposits | 30,814,000 | 28,222,000 | 31,609,000 | 36,602,000 |
| Equity capital | 27,920,000 | 28,826,000 | 29,240,000 | 29,442,000 |
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 | 4,657,000 | 9,594,000 | 14,089,000 | 18,677,000 |
| Interest expense | 1,611,000 | 3,158,000 | 4,536,000 | 5,860,000 |
| Net interest income | 3,046,000 | 6,436,000 | 9,553,000 | 12,817,000 |
| Noninterest income | 1,519,000 | 2,548,000 | 3,847,000 | 5,129,000 |
| Noninterest expense | 3,200,000 | 6,169,000 | 9,209,000 | 12,484,000 |
| Provision for loan losses | 139,000 | 345,000 | 788,000 | 1,039,000 |
| Pretax income | 1,226,000 | 2,478,000 | 3,403,000 | 4,423,000 |
| Income tax | 364,000 | 738,000 | 1,000,000 | 1,281,000 |
| Net income | 862,000 | 1,740,000 | 2,403,000 | 3,142,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,050,000 | 26,854,000 | 27,528,000 | 27,703,000 |
| Total capital | 29,175,000 | 30,151,000 | 30,968,000 | 31,088,000 |
| Risk-weighted assets | 249,479,000 | 263,420,000 | 275,453,000 | 270,116,000 |