Call reports 2003
HALIFAX NATIONAL BANK — 2003
What HALIFAX NATIONAL BANK 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 | 57,056,000 | 58,119,000 | 58,429,000 | 59,810,000 |
| Total loans | 32,593,000 | 30,107,000 | 29,332,000 | 30,550,000 |
| Allowance for loan losses | 370,000 | 370,000 | 370,000 | 370,000 |
| Securities available for sale | 19,222,000 | 20,845,000 | 23,765,000 | 25,409,000 |
| Securities held to maturity | 206,000 | 188,000 | 167,000 | 145,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,339,000 | 48,070,000 | 48,592,000 | 48,155,000 |
| Interest-bearing deposits | 41,950,000 | 43,502,000 | 44,288,000 | 43,738,000 |
| Noninterest-bearing deposits | 5,389,000 | 4,568,000 | 4,304,000 | 4,417,000 |
| Equity capital | 9,245,000 | 9,555,000 | 9,418,000 | 9,536,000 |
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 | 836,000 | 1,678,000 | 2,509,000 | 3,374,000 |
| Interest expense | 317,000 | 622,000 | 919,000 | 1,208,000 |
| Net interest income | 519,000 | 1,056,000 | 1,590,000 | 2,166,000 |
| Noninterest income | 19,000 | 37,000 | 76,000 | 96,000 |
| Noninterest expense | 260,000 | 552,000 | 829,000 | 1,186,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 278,000 | 541,000 | 844,000 | 1,091,000 |
| Income tax | 74,000 | 130,000 | 201,000 | 240,000 |
| Net income | 204,000 | 411,000 | 643,000 | 851,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,012,000 | 9,184,000 | 9,379,000 | 9,434,000 |
| Total capital | 9,382,000 | 9,554,000 | 9,749,000 | 9,804,000 |
| Risk-weighted assets | 30,747,000 | 36,582,000 | 38,163,000 | 39,882,000 |