Call reports 2002
WEST POINT BANK — 2002
What WEST POINT BANK 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 | 69,595,000 | 71,090,000 | 77,333,000 | 82,396,000 |
| Total loans | 34,719,000 | 38,846,000 | 40,903,000 | 41,654,000 |
| Allowance for loan losses | 78,000 | 78,000 | 78,000 | 78,000 |
| Securities available for sale | 27,236,000 | 26,862,000 | 30,431,000 | 36,223,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,512,000 | 50,353,000 | 55,490,000 | 60,117,000 |
| Interest-bearing deposits | 35,861,000 | 37,676,000 | 42,626,000 | 46,736,000 |
| Noninterest-bearing deposits | 13,651,000 | 12,677,000 | 12,864,000 | 13,381,000 |
| Equity capital | 5,611,000 | 5,839,000 | 6,155,000 | 6,381,000 |
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 | 949,000 | 1,952,000 | 3,041,000 | 4,210,000 |
| Interest expense | 402,000 | 806,000 | 1,234,000 | 1,664,000 |
| Net interest income | 547,000 | 1,146,000 | 1,807,000 | 2,546,000 |
| Noninterest income | 64,000 | 114,000 | 159,000 | 210,000 |
| Noninterest expense | 412,000 | 864,000 | 1,308,000 | 1,728,000 |
| Provision for loan losses | 0 | 0 | 0 | 4,000 |
| Pretax income | 199,000 | 396,000 | 658,000 | 1,024,000 |
| Income tax | 61,000 | 130,000 | 220,000 | 353,000 |
| Net income | 138,000 | 266,000 | 438,000 | 671,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,401,000 | 5,533,000 | 5,710,000 | 5,947,000 |
| Total capital | 5,479,000 | 5,611,000 | 5,788,000 | 6,025,000 |
| Risk-weighted assets | 30,763,000 | 33,164,000 | 35,369,000 | 37,101,000 |