Call reports 2003
ANDOVER BANK, THE — 2003
What ANDOVER BANK, 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 | 245,729,000 | 250,539,000 | 250,165,000 | 249,250,000 |
| Total loans | 115,814,000 | 120,209,000 | 125,105,000 | 124,757,000 |
| Allowance for loan losses | 1,542,000 | 1,506,000 | 1,494,000 | 1,525,000 |
| Securities available for sale | 70,883,000 | 75,516,000 | 70,381,000 | 109,115,000 |
| Securities held to maturity | 38,425,000 | 38,113,000 | 39,041,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,842,000 | 218,934,000 | 215,254,000 | 214,414,000 |
| Interest-bearing deposits | 182,884,000 | 185,839,000 | 182,961,000 | 177,726,000 |
| Noninterest-bearing deposits | 31,958,000 | 33,095,000 | 32,293,000 | 36,688,000 |
| Equity capital | 23,541,000 | 24,121,000 | 24,710,000 | 24,319,000 |
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 | 3,229,000 | 6,431,000 | 9,659,000 | 12,739,000 |
| Interest expense | 1,074,000 | 2,148,000 | 3,140,000 | 4,061,000 |
| Net interest income | 2,155,000 | 4,283,000 | 6,519,000 | 8,678,000 |
| Noninterest income | 568,000 | 1,198,000 | 1,781,000 | 2,337,000 |
| Noninterest expense | 1,702,000 | 3,297,000 | 4,892,000 | 6,863,000 |
| Provision for loan losses | 0 | 0 | 0 | 45,000 |
| Pretax income | 1,052,000 | 2,215,000 | 3,478,000 | 4,184,000 |
| Income tax | 241,000 | 517,000 | 826,000 | 949,000 |
| Net income | 811,000 | 1,698,000 | 2,652,000 | 3,235,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,603,000 | 22,913,000 | 23,866,000 | 22,808,000 |
| Total capital | 24,096,000 | 24,419,000 | 25,360,000 | 24,333,000 |
| Risk-weighted assets | 119,417,000 | 121,979,000 | 123,525,000 | 124,089,000 |