Call reports 2004
FIRST UNITED BANK, NATIONAL ASSOCIATION — 2004
What FIRST UNITED 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 | 84,649,000 | 84,671,000 | 88,443,000 | 89,395,000 |
| Total loans | 60,971,000 | 64,674,000 | 68,307,000 | 67,082,000 |
| Allowance for loan losses | 693,000 | 556,000 | 583,000 | 603,000 |
| Securities available for sale | 15,480,000 | 14,275,000 | 14,009,000 | 13,530,000 |
| Securities held to maturity | 130,000 | 130,000 | 130,000 | 130,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,556,000 | 68,957,000 | 76,795,000 | 77,585,000 |
| Interest-bearing deposits | 67,645,000 | 63,388,000 | 70,436,000 | 70,689,000 |
| Noninterest-bearing deposits | 5,910,000 | 5,568,000 | 6,359,000 | 6,895,000 |
| Equity capital | 6,787,000 | 6,789,000 | 7,211,000 | 7,627,000 |
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 | 1,191,000 | 2,411,000 | 3,661,000 | 4,951,000 |
| Interest expense | 264,000 | 514,000 | 794,000 | 1,098,000 |
| Net interest income | 927,000 | 1,897,000 | 2,867,000 | 3,853,000 |
| Noninterest income | 148,000 | 285,000 | 427,000 | 549,000 |
| Noninterest expense | 550,000 | 1,160,000 | 1,775,000 | 2,369,000 |
| Provision for loan losses | 35,000 | 60,000 | 120,000 | 150,000 |
| Pretax income | 490,000 | 962,000 | 1,399,000 | 1,883,000 |
| Income tax | 172,000 | 340,000 | 494,000 | 668,000 |
| Net income | 318,000 | 622,000 | 905,000 | 1,215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,052,000 | 6,357,000 | 6,638,000 | 7,100,000 |
| Total capital | 6,745,000 | 6,913,000 | 7,221,000 | 7,703,000 |
| Risk-weighted assets | 59,969,000 | 62,863,000 | 66,689,000 | 64,953,000 |