Call reports 2003
CUMBERLAND NATIONAL BANK — 2003
What CUMBERLAND NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 |
|---|---|---|
| Total assets | 54,486,000 | 51,280,000 |
| Total loans | 40,761,000 | 41,698,000 |
| Allowance for loan losses | 1,270,000 | 1,117,000 |
| Securities available for sale | 6,834,000 | 6,173,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 49,192,000 | 46,099,000 |
| Interest-bearing deposits | 46,185,000 | 43,524,000 |
| Noninterest-bearing deposits | 3,007,000 | 2,575,000 |
| Equity capital | 4,935,000 | 4,775,000 |
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 |
|---|---|---|
| Interest income | 845,000 | 1,692,000 |
| Interest expense | 514,000 | 968,000 |
| Net interest income | 331,000 | 724,000 |
| Noninterest income | 31,000 | 62,000 |
| Noninterest expense | 584,000 | 1,174,000 |
| Provision for loan losses | 20,000 | 50,000 |
| Pretax income | -241,000 | -437,000 |
| Income tax | -89,000 | -132,000 |
| Net income | -152,000 | -305,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 |
|---|---|---|
| Tier 1 capital | 4,533,000 | 4,432,000 |
| Total capital | 5,034,000 | 4,954,000 |
| Risk-weighted assets | 39,350,000 | 41,138,000 |