Call reports 2003
BANKWELL BANK — 2003
What BANKWELL 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 | 52,805,000 | 65,266,000 | 65,476,000 | 75,792,000 |
| Total loans | 40,177,000 | 52,793,000 | 52,033,000 | 47,264,000 |
| Allowance for loan losses | 178,000 | 232,000 | 305,000 | 400,000 |
| Securities available for sale | 1,609,000 | 3,335,000 | 3,598,000 | 13,518,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,446,000 | 56,609,000 | 54,333,000 | 65,721,000 |
| Interest-bearing deposits | 38,184,000 | 47,365,000 | 42,256,000 | 54,539,000 |
| Noninterest-bearing deposits | 8,262,000 | 9,244,000 | 12,077,000 | 11,183,000 |
| Equity capital | 6,193,000 | 5,944,000 | 5,976,000 | 9,763,000 |
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 | 518,000 | 1,233,000 | 2,064,000 | 2,828,000 |
| Interest expense | 114,000 | 255,000 | 404,000 | 556,000 |
| Net interest income | 404,000 | 978,000 | 1,660,000 | 2,272,000 |
| Noninterest income | 99,000 | 247,000 | 670,000 | 752,000 |
| Noninterest expense | 716,000 | 1,649,000 | 2,671,000 | 3,629,000 |
| Provision for loan losses | 43,000 | 97,000 | 171,000 | 266,000 |
| Pretax income | -255,000 | -520,000 | -511,000 | -870,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -255,000 | -520,000 | -511,000 | -870,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,179,000 | 5,940,000 | 5,975,000 | 9,733,000 |
| Total capital | 6,357,000 | 6,172,000 | 6,280,000 | 10,133,000 |
| Risk-weighted assets | 31,730,000 | 42,756,000 | 39,486,000 | 44,361,000 |