Call reports 2003
NEW COMMERCE BANK, N.A. — 2003
What NEW COMMERCE BANK, N.A. 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 | 60,810,000 | 68,965,000 | 74,522,000 | 83,955,000 |
| Total loans | 42,669,000 | 48,243,000 | 53,106,000 | 58,044,000 |
| Allowance for loan losses | 534,000 | 603,000 | 664,000 | 726,000 |
| Securities available for sale | 11,174,000 | 10,587,000 | 10,887,000 | 13,181,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,333,000 | 57,295,000 | 63,320,000 | 72,685,000 |
| Interest-bearing deposits | 41,215,000 | 47,476,000 | 50,974,000 | 59,758,000 |
| Noninterest-bearing deposits | 7,118,000 | 9,819,000 | 12,346,000 | 12,927,000 |
| Equity capital | 7,325,000 | 7,354,000 | 7,180,000 | 7,211,000 |
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 | 755,000 | 1,523,000 | 2,351,000 | 3,226,000 |
| Interest expense | 245,000 | 508,000 | 765,000 | 1,018,000 |
| Net interest income | 510,000 | 1,015,000 | 1,586,000 | 2,208,000 |
| Noninterest income | 84,000 | 219,000 | 367,000 | 501,000 |
| Noninterest expense | 559,000 | 1,174,000 | 1,793,000 | 2,433,000 |
| Provision for loan losses | 44,000 | 113,000 | 174,000 | 272,000 |
| Pretax income | 3,000 | 24,000 | 60,000 | 129,000 |
| Income tax | 1,000 | 9,000 | 22,000 | 48,000 |
| Net income | 2,000 | 15,000 | 38,000 | 81,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,095,000 | 7,110,000 | 7,132,000 | 7,176,000 |
| Total capital | 7,629,000 | 7,713,000 | 7,796,000 | 7,902,000 |
| Risk-weighted assets | 51,868,000 | 58,058,000 | 63,246,000 | 68,348,000 |