Call reports 2003
COMMERCE BANK/SHORE NATIONAL ASSOCIATION — 2003
What COMMERCE BANK/SHORE NATIONAL ASSOCIATION 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 | 2,173,481,000 | 2,425,401,000 | 2,553,143,000 | 2,697,759,000 |
| Total loans | 749,371,000 | 773,197,000 | 804,004,000 | 896,792,000 |
| Allowance for loan losses | 9,063,000 | 9,473,000 | 9,823,000 | 10,453,000 |
| Securities available for sale | 564,429,000 | 530,679,000 | 1,252,739,000 | 1,261,942,000 |
| Securities held to maturity | 93,028,000 | 70,874,000 | 319,939,000 | 380,762,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,031,820,000 | 2,278,988,000 | 2,389,216,000 | 2,455,700,000 |
| Interest-bearing deposits | 1,799,634,000 | 1,966,772,000 | 2,095,763,000 | 2,139,356,000 |
| Noninterest-bearing deposits | 232,186,000 | 312,216,000 | 293,453,000 | 316,344,000 |
| Equity capital | 128,242,000 | 126,764,000 | 155,044,000 | 165,509,000 |
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 | 23,001,000 | 46,552,000 | 73,872,000 | 105,629,000 |
| Interest expense | 3,933,000 | 7,868,000 | 11,413,000 | 15,037,000 |
| Net interest income | 19,068,000 | 38,684,000 | 62,459,000 | 90,592,000 |
| Noninterest income | 3,881,000 | 7,407,000 | 11,505,000 | 15,855,000 |
| Noninterest expense | 10,416,000 | 21,313,000 | 32,289,000 | 44,976,000 |
| Provision for loan losses | 525,000 | 1,050,000 | 1,650,000 | 2,304,000 |
| Pretax income | 12,008,000 | 24,688,000 | 40,985,000 | 59,557,000 |
| Income tax | 4,232,000 | 8,694,000 | 14,460,000 | 21,098,000 |
| Net income | 7,776,000 | 15,994,000 | 26,525,000 | 38,459,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,354,000 | 118,571,000 | 148,103,000 | 162,037,000 |
| Total capital | 129,417,000 | 128,044,000 | 157,926,000 | 172,490,000 |
| Risk-weighted assets | 1,074,367,000 | 1,143,924,000 | 1,204,856,000 | 1,306,509,000 |