Call reports 2002
MIRAE BANK — 2002
What MIRAE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q3 | 2002Q4 |
|---|---|---|
| Total assets | 28,776,000 | 41,093,000 |
| Total loans | 9,148,000 | 19,367,000 |
| Allowance for loan losses | 86,000 | 214,000 |
| Securities available for sale | 0 | 2,048,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 20,566,000 | 32,544,000 |
| Interest-bearing deposits | 14,358,000 | 22,746,000 |
| Noninterest-bearing deposits | 6,208,000 | 9,798,000 |
| Equity capital | 8,169,000 | 8,445,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q3 | 2002Q4 |
|---|---|---|
| Interest income | 127,000 | 408,000 |
| Interest expense | 52,000 | 181,000 |
| Net interest income | 75,000 | 227,000 |
| Noninterest income | 65,000 | 250,000 |
| Noninterest expense | 1,476,000 | 2,211,000 |
| Provision for loan losses | 86,000 | 214,000 |
| Pretax income | -1,429,000 | -1,948,000 |
| Income tax | 0 | -788,000 |
| Net income | -1,429,000 | -1,160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q3 | 2002Q4 |
|---|---|---|
| Tier 1 capital | 8,169,000 | 7,655,000 |
| Total capital | 8,255,000 | 7,876,000 |
| Risk-weighted assets | 13,078,000 | 23,702,000 |