Call reports 2004
LEGACY BANK, NATIONAL ASSOCIATION — 2004
What LEGACY BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 16,609,000 | 27,561,000 | 52,106,000 | 59,595,000 |
| Total loans | 8,940,000 | 17,101,000 | 28,866,000 | 35,864,000 |
| Allowance for loan losses | 112,000 | 214,000 | 362,000 | 820,000 |
| Securities available for sale | 0 | 962,000 | 8,884,000 | 8,721,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,781,000 | 19,412,000 | 44,407,000 | 52,584,000 |
| Interest-bearing deposits | 5,083,000 | 14,113,000 | 37,063,000 | 43,405,000 |
| Noninterest-bearing deposits | 2,697,000 | 5,300,000 | 7,344,000 | 9,179,000 |
| Equity capital | 8,699,000 | 8,036,000 | 7,543,000 | 6,758,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 87,000 | 315,000 | 777,000 | 1,499,000 |
| Interest expense | 8,000 | 33,000 | 194,000 | 404,000 |
| Net interest income | 79,000 | 282,000 | 583,000 | 1,095,000 |
| Noninterest income | 5,000 | 14,000 | 26,000 | 37,000 |
| Noninterest expense | 591,000 | 1,363,000 | 2,085,000 | 2,880,000 |
| Provision for loan losses | 73,000 | 175,000 | 323,000 | 781,000 |
| Pretax income | -580,000 | -1,242,000 | -1,799,000 | -2,529,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | -580,000 | -1,243,000 | -1,800,000 | -2,530,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,699,000 | 8,037,000 | 7,479,000 | 6,758,000 |
| Total capital | 8,811,000 | 8,251,000 | 7,841,000 | 7,327,000 |
| Risk-weighted assets | 12,231,000 | 22,565,000 | 36,105,000 | 45,255,000 |