Call reports 2003
SHOREBANK — 2003
What SHOREBANK 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 | 1,250,838,000 | 1,263,085,000 | 1,284,949,000 | 1,349,301,000 |
| Total loans | 756,688,000 | 776,158,000 | 802,589,000 | 827,097,000 |
| Allowance for loan losses | 9,233,000 | 9,111,000 | 7,601,000 | 7,966,000 |
| Securities available for sale | 391,101,000 | 374,308,000 | 374,741,000 | 406,443,000 |
| Securities held to maturity | 25,877,000 | 25,810,000 | 25,800,000 | 31,162,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 882,495,000 | 872,282,000 | 880,945,000 | 921,871,000 |
| Interest-bearing deposits | 852,910,000 | 837,561,000 | 852,266,000 | 888,820,000 |
| Noninterest-bearing deposits | 29,585,000 | 34,721,000 | 28,679,000 | 33,051,000 |
| Equity capital | 93,085,000 | 96,564,000 | 96,561,000 | 97,846,000 |
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 | 19,455,000 | 39,149,000 | 57,947,000 | 77,437,000 |
| Interest expense | 7,782,000 | 15,391,000 | 22,545,000 | 29,633,000 |
| Net interest income | 11,673,000 | 23,758,000 | 35,402,000 | 47,804,000 |
| Noninterest income | 1,997,000 | 4,482,000 | 6,480,000 | 7,952,000 |
| Noninterest expense | 7,712,000 | 15,481,000 | 23,042,000 | 30,846,000 |
| Provision for loan losses | 900,000 | 2,250,000 | 3,150,000 | 4,050,000 |
| Pretax income | 6,235,000 | 12,317,000 | 17,580,000 | 22,790,000 |
| Income tax | 2,081,000 | 4,103,000 | 5,813,000 | 7,329,000 |
| Net income | 4,154,000 | 8,214,000 | 11,767,000 | 15,461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,652,000 | 83,126,000 | 85,094,000 | 87,562,000 |
| Total capital | 89,885,000 | 92,237,000 | 92,695,000 | 95,528,000 |
| Risk-weighted assets | 773,729,000 | 800,610,000 | 859,817,000 | 917,299,000 |