Call reports 2003
SANDHILLS BANK — 2003
What SANDHILLS 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 | 63,266,000 | 63,492,000 | 62,314,000 | 56,632,000 |
| Total loans | 48,690,000 | 48,004,000 | 37,917,000 | 36,284,000 |
| Allowance for loan losses | 843,000 | 609,000 | 605,000 | 754,000 |
| Securities available for sale | 1,957,000 | 2,193,000 | 2,442,000 | 2,779,000 |
| Securities held to maturity | 0 | 0 | 811,000 | 811,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,604,000 | 51,488,000 | 51,161,000 | 45,788,000 |
| Interest-bearing deposits | 44,122,000 | 43,133,000 | 43,634,000 | 38,451,000 |
| Noninterest-bearing deposits | 8,482,000 | 8,355,000 | 7,527,000 | 7,337,000 |
| Equity capital | 5,542,000 | 6,012,000 | 6,088,000 | 6,068,000 |
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 | 1,073,000 | 2,139,000 | 2,995,000 | 3,833,000 |
| Interest expense | 280,000 | 553,000 | 820,000 | 1,058,000 |
| Net interest income | 793,000 | 1,586,000 | 2,175,000 | 2,775,000 |
| Noninterest income | 684,000 | 4,179,000 | 6,156,000 | 7,157,000 |
| Noninterest expense | 1,220,000 | 4,884,000 | 7,275,000 | 8,802,000 |
| Provision for loan losses | 75,000 | 110,000 | 125,000 | 288,000 |
| Pretax income | 183,000 | 772,000 | 932,000 | 843,000 |
| Income tax | 60,000 | 269,000 | 331,000 | 285,000 |
| Net income | 123,000 | 503,000 | 601,000 | 558,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,446,000 | 5,826,000 | 5,925,000 | 5,897,000 |
| Total capital | 5,999,000 | 6,358,000 | 6,418,000 | 6,362,000 |
| Risk-weighted assets | 44,054,000 | 42,455,000 | 39,316,000 | 36,816,000 |