Call reports 2002
GRAND BANK — 2002
What GRAND BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Total assets | 42,071,000 | 68,783,000 | 90,720,000 |
| Total loans | 3,919,000 | 18,792,000 | 28,210,000 |
| Allowance for loan losses | 130,000 | 190,000 | 315,000 |
| Securities available for sale | 3,118,000 | 9,110,000 | 44,569,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 28,624,000 | 54,935,000 | 73,010,000 |
| Interest-bearing deposits | 26,122,000 | 48,961,000 | 54,545,000 |
| Noninterest-bearing deposits | 2,502,000 | 5,973,000 | 18,465,000 |
| Equity capital | 13,372,000 | 13,263,000 | 13,245,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Interest income | 56,000 | 435,000 | 1,059,000 |
| Interest expense | 36,000 | 230,000 | 459,000 |
| Net interest income | 20,000 | 205,000 | 600,000 |
| Noninterest income | 1,000 | 1,000 | 6,000 |
| Noninterest expense | 270,000 | 558,000 | 895,000 |
| Provision for loan losses | 130,000 | 190,000 | 315,000 |
| Pretax income | -379,000 | -542,000 | -559,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -379,000 | -542,000 | -559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Tier 1 capital | 13,371,000 | 13,208,000 | 13,191,000 |
| Total capital | 13,501,000 | 13,398,000 | 13,506,000 |
| Risk-weighted assets | 10,516,000 | 27,274,000 | 36,250,000 |