Call reports 2003
U.S. TRUST COMPANY OF NORTH CAROLINA — 2003
What U.S. TRUST COMPANY OF NORTH CAROLINA 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 | 128,263,000 | 124,815,000 |
| Total loans | 18,111,000 | 21,489,000 |
| Allowance for loan losses | 175,000 | 200,000 |
| Securities available for sale | 29,663,000 | 28,773,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 60,315,000 | 56,560,000 |
| Interest-bearing deposits | 60,092,000 | 56,165,000 |
| Noninterest-bearing deposits | 223,000 | 395,000 |
| Equity capital | 65,978,000 | 66,162,000 |
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 | 394,000 | 912,000 |
| Interest expense | 124,000 | 241,000 |
| Net interest income | 270,000 | 671,000 |
| Noninterest income | 4,195,000 | 8,616,000 |
| Noninterest expense | 4,795,000 | 9,621,000 |
| Provision for loan losses | 0 | 25,000 |
| Pretax income | -303,000 | -332,000 |
| Income tax | -96,000 | -87,000 |
| Net income | -207,000 | -245,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 |
|---|---|---|
| Tier 1 capital | 5,722,000 | 5,683,000 |
| Total capital | 5,897,000 | 5,883,000 |
| Risk-weighted assets | 28,551,000 | 31,095,000 |