Call reports 2003
FIRST RELIANCE BANK — 2003
What FIRST RELIANCE 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 | 119,390,000 | 150,425,000 | 161,037,000 | 179,589,000 |
| Total loans | 88,879,000 | 108,104,000 | 129,918,000 | 140,359,000 |
| Allowance for loan losses | 1,167,000 | 1,324,000 | 1,587,000 | 1,752,000 |
| Securities available for sale | 22,119,000 | 26,214,000 | 22,296,000 | 27,689,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,070,000 | 120,356,000 | 127,559,000 | 138,961,000 |
| Interest-bearing deposits | 85,438,000 | 102,572,000 | 109,284,000 | 120,330,000 |
| Noninterest-bearing deposits | 16,633,000 | 17,784,000 | 18,275,000 | 18,631,000 |
| Equity capital | 8,697,000 | 17,320,000 | 17,130,000 | 17,507,000 |
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 | 1,851,000 | 3,868,000 | 6,139,000 | 8,616,000 |
| Interest expense | 555,000 | 1,160,000 | 1,795,000 | 2,460,000 |
| Net interest income | 1,296,000 | 2,708,000 | 4,344,000 | 6,156,000 |
| Noninterest income | 498,000 | 1,040,000 | 1,552,000 | 2,004,000 |
| Noninterest expense | 1,299,000 | 2,754,000 | 4,315,000 | 5,894,000 |
| Provision for loan losses | 65,000 | 248,000 | 541,000 | 792,000 |
| Pretax income | 430,000 | 746,000 | 1,043,000 | 1,477,000 |
| Income tax | 124,000 | 216,000 | 294,000 | 430,000 |
| Net income | 306,000 | 530,000 | 749,000 | 1,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,620,000 | 16,843,000 | 16,963,000 | 17,261,000 |
| Total capital | 9,750,000 | 18,167,000 | 18,533,000 | 18,992,000 |
| Risk-weighted assets | 90,297,000 | 107,635,000 | 125,597,000 | 138,481,000 |