Call reports 2003
MIRAE BANK — 2003
What MIRAE BANK 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 | 48,506,000 | 59,206,000 | 78,994,000 | 70,389,000 |
| Total loans | 23,662,000 | 31,285,000 | 40,496,000 | 48,069,000 |
| Allowance for loan losses | 310,000 | 417,000 | 526,000 | 573,000 |
| Securities available for sale | 3,050,000 | 4,082,000 | 7,146,000 | 7,571,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,081,000 | 51,000,000 | 70,734,000 | 55,341,000 |
| Interest-bearing deposits | 28,035,000 | 36,337,000 | 37,855,000 | 37,214,000 |
| Noninterest-bearing deposits | 12,046,000 | 14,663,000 | 32,879,000 | 18,127,000 |
| Equity capital | 8,246,000 | 8,003,000 | 8,042,000 | 14,876,000 |
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 | 370,000 | 862,000 | 1,493,000 | 2,247,000 |
| Interest expense | 176,000 | 366,000 | 576,000 | 759,000 |
| Net interest income | 194,000 | 496,000 | 917,000 | 1,488,000 |
| Noninterest income | 240,000 | 635,000 | 1,148,000 | 1,816,000 |
| Noninterest expense | 676,000 | 1,516,000 | 2,348,000 | 3,328,000 |
| Provision for loan losses | 110,000 | 351,000 | 468,000 | 556,000 |
| Pretax income | -352,000 | -733,000 | -748,000 | -577,000 |
| Income tax | -150,000 | -273,000 | -278,000 | -240,000 |
| Net income | -202,000 | -460,000 | -470,000 | -337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,304,000 | 6,933,000 | 6,953,000 | 14,233,000 |
| Total capital | 7,628,000 | 7,363,000 | 7,500,000 | 14,806,000 |
| Risk-weighted assets | 30,253,000 | 37,303,000 | 48,113,000 | 52,449,000 |