Call reports 2002
U.S. TRUST COMPANY OF NORTH CAROLINA — 2002
What U.S. TRUST COMPANY OF NORTH CAROLINA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 109,761,000 | 105,995,000 | 107,625,000 | 110,904,000 |
| Total loans | 19,255,000 | 19,902,000 | 19,748,000 | 19,858,000 |
| Allowance for loan losses | 150,000 | 175,000 | 175,000 | 175,000 |
| Securities available for sale | 9,341,000 | 2,836,000 | 4,123,000 | 1,800,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,754,000 | 35,934,000 | 38,401,000 | 42,150,000 |
| Interest-bearing deposits | 35,634,000 | 35,862,000 | 38,238,000 | 41,679,000 |
| Noninterest-bearing deposits | 120,000 | 72,000 | 163,000 | 471,000 |
| Equity capital | 67,311,000 | 66,927,000 | 66,556,000 | 66,075,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 376,000 | 731,000 | 1,027,000 | 1,296,000 |
| Interest expense | 139,000 | 267,000 | 398,000 | 519,000 |
| Net interest income | 237,000 | 464,000 | 629,000 | 777,000 |
| Noninterest income | 4,034,000 | 8,461,000 | 12,577,000 | 16,544,000 |
| Noninterest expense | 6,280,000 | 11,598,000 | 16,474,000 | 21,340,000 |
| Provision for loan losses | 50,000 | 75,000 | 75,000 | 75,000 |
| Pretax income | -2,061,000 | -2,648,000 | -3,248,000 | -3,999,000 |
| Income tax | -793,000 | -1,001,000 | -1,211,000 | -1,485,000 |
| Net income | -1,268,000 | -1,647,000 | -2,037,000 | -2,514,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,175,000 | 6,796,000 | 6,406,000 | 5,929,000 |
| Total capital | 7,325,000 | 6,971,000 | 6,581,000 | 6,104,000 |
| Risk-weighted assets | 30,104,000 | 32,571,000 | 29,255,000 | 29,725,000 |