Call reports 2003
BANK OF VENICE, THE — 2003
What BANK OF VENICE, THE 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 | 13,753,000 | 20,031,000 | 20,296,000 | 24,029,000 |
| Total loans | 6,786,000 | 10,965,000 | 13,483,000 | 16,161,000 |
| Allowance for loan losses | 44,000 | 80,000 | 123,000 | 169,000 |
| Securities available for sale | 0 | 1,551,000 | 1,454,000 | 1,421,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,371,000 | 13,801,000 | 14,207,000 | 18,082,000 |
| Interest-bearing deposits | 6,403,000 | 10,805,000 | 11,428,000 | 15,511,000 |
| Noninterest-bearing deposits | 968,000 | 2,996,000 | 2,779,000 | 2,571,000 |
| Equity capital | 6,366,000 | 6,199,000 | 6,040,000 | 5,923,000 |
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 | 57,000 | 192,000 | 386,000 | 593,000 |
| Interest expense | 11,000 | 38,000 | 70,000 | 107,000 |
| Net interest income | 46,000 | 154,000 | 316,000 | 486,000 |
| Noninterest income | 9,000 | 24,000 | 49,000 | 66,000 |
| Noninterest expense | 411,000 | 665,000 | 922,000 | 1,186,000 |
| Provision for loan losses | 44,000 | 80,000 | 123,000 | 169,000 |
| Pretax income | -400,000 | -567,000 | -680,000 | -803,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -400,000 | -567,000 | -680,000 | -803,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,366,000 | 6,199,000 | 6,086,000 | 5,965,000 |
| Total capital | 6,410,000 | 6,279,000 | 6,209,000 | 6,134,000 |
| Risk-weighted assets | 12,509,000 | 15,647,000 | 15,112,000 | 17,624,000 |