Call reports 2004
WEST POINT BANK — 2004
What WEST POINT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 85,215,000 | 87,835,000 | 85,002,000 | 88,453,000 |
| Total loans | 41,648,000 | 43,762,000 | 46,828,000 | 52,013,000 |
| Allowance for loan losses | 78,000 | 78,000 | 75,000 | 78,000 |
| Securities available for sale | 36,384,000 | 37,197,000 | 33,051,000 | 32,091,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,132,000 | 60,097,000 | 60,329,000 | 57,764,000 |
| Interest-bearing deposits | 45,904,000 | 47,827,000 | 45,207,000 | 44,558,000 |
| Noninterest-bearing deposits | 13,228,000 | 12,270,000 | 15,122,000 | 13,206,000 |
| Equity capital | 7,576,000 | 7,328,000 | 7,968,000 | 8,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 966,000 | 2,013,000 | 3,134,000 | 4,323,000 |
| Interest expense | 259,000 | 511,000 | 780,000 | 1,066,000 |
| Net interest income | 707,000 | 1,502,000 | 2,354,000 | 3,257,000 |
| Noninterest income | 79,000 | 167,000 | 251,000 | 348,000 |
| Noninterest expense | 407,000 | 859,000 | 1,304,000 | 1,708,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 379,000 | 810,000 | 1,301,000 | 1,887,000 |
| Income tax | 127,000 | 281,000 | 451,000 | 648,000 |
| Net income | 252,000 | 529,000 | 850,000 | 1,239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,356,000 | 7,638,000 | 7,963,000 | 8,357,000 |
| Total capital | 7,434,000 | 7,716,000 | 8,038,000 | 8,435,000 |
| Risk-weighted assets | 35,113,000 | 38,315,000 | 39,213,000 | 42,759,000 |