Call reports 2004
ANDOVER BANK, THE — 2004
What ANDOVER BANK, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 253,876,000 | 252,224,000 | 252,695,000 | 245,923,000 |
| Total loans | 125,217,000 | 125,093,000 | 125,803,000 | 126,545,000 |
| Allowance for loan losses | 1,522,000 | 1,511,000 | 1,491,000 | 1,461,000 |
| Securities available for sale | 105,229,000 | 111,632,000 | 111,162,000 | 100,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 217,818,000 | 216,738,000 | 213,649,000 | 213,036,000 |
| Interest-bearing deposits | 182,324,000 | 178,850,000 | 178,027,000 | 172,291,000 |
| Noninterest-bearing deposits | 35,494,000 | 37,888,000 | 35,622,000 | 40,745,000 |
| Equity capital | 25,344,000 | 23,690,000 | 25,721,000 | 22,996,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,104,000 | 6,189,000 | 9,325,000 | 12,410,000 |
| Interest expense | 870,000 | 1,726,000 | 2,579,000 | 3,418,000 |
| Net interest income | 2,234,000 | 4,463,000 | 6,746,000 | 8,992,000 |
| Noninterest income | 495,000 | 1,097,000 | 1,710,000 | 2,179,000 |
| Noninterest expense | 1,742,000 | 3,485,000 | 5,255,000 | 7,281,000 |
| Provision for loan losses | 15,000 | 30,000 | 30,000 | 30,000 |
| Pretax income | 972,000 | 2,045,000 | 3,171,000 | 3,860,000 |
| Income tax | 217,000 | 467,000 | 738,000 | 861,000 |
| Net income | 755,000 | 1,578,000 | 2,433,000 | 2,999,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,564,000 | 23,744,000 | 24,599,000 | 22,483,000 |
| Total capital | 25,086,000 | 25,255,000 | 26,090,000 | 23,944,000 |
| Risk-weighted assets | 126,130,000 | 128,006,000 | 128,201,000 | 130,312,000 |