Call reports 2002
COMMERCE BANK/SHORE NATIONAL ASSOCIATION — 2002
What COMMERCE BANK/SHORE NATIONAL ASSOCIATION 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 | 1,737,283,000 | 1,857,168,000 | 2,039,940,000 | 2,056,659,000 |
| Total loans | 608,347,000 | 648,180,000 | 677,267,000 | 715,479,000 |
| Allowance for loan losses | 7,906,000 | 8,066,000 | 8,288,000 | 8,644,000 |
| Securities available for sale | 422,718,000 | 425,331,000 | 515,723,000 | 496,864,000 |
| Securities held to maturity | 174,505,000 | 159,810,000 | 144,002,000 | 116,478,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,627,445,000 | 1,734,319,000 | 1,900,601,000 | 1,911,846,000 |
| Interest-bearing deposits | 1,435,315,000 | 1,539,544,000 | 1,696,879,000 | 1,680,929,000 |
| Noninterest-bearing deposits | 192,130,000 | 194,775,000 | 203,722,000 | 230,917,000 |
| Equity capital | 100,468,000 | 113,083,000 | 125,237,000 | 130,486,000 |
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 | 21,157,000 | 43,408,000 | 66,554,000 | 89,668,000 |
| Interest expense | 5,824,000 | 11,882,000 | 17,352,000 | 21,951,000 |
| Net interest income | 15,333,000 | 31,526,000 | 49,202,000 | 67,717,000 |
| Noninterest income | 3,469,000 | 7,381,000 | 11,209,000 | 14,859,000 |
| Noninterest expense | 10,071,000 | 19,743,000 | 31,140,000 | 41,372,000 |
| Provision for loan losses | 425,000 | 650,000 | 975,000 | 1,450,000 |
| Pretax income | 8,218,000 | 18,484,000 | 28,266,000 | 39,754,000 |
| Income tax | 2,838,000 | 6,650,000 | 10,061,000 | 14,329,000 |
| Net income | 5,380,000 | 11,834,000 | 18,205,000 | 25,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 99,531,000 | 106,987,000 | 115,358,000 | 122,578,000 |
| Total capital | 107,437,000 | 115,053,000 | 123,646,000 | 131,222,000 |
| Risk-weighted assets | 851,427,000 | 910,911,000 | 961,053,000 | 1,010,856,000 |