Call reports 2002
GECC FINANCIAL CORPORATION — 2002
What GECC FINANCIAL CORPORATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 9,260,000 | 9,171,000 | 9,050,000 | 9,347,000 |
| Total loans | 207,000 | 92,000 | 92,000 | 91,000 |
| Allowance for loan losses | 3,000 | 1,000 | 1,000 | 1,000 |
| Securities available for sale | 8,837,000 | 8,849,000 | 8,739,000 | 8,731,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 530,000 | 519,000 | 521,000 | 500,000 |
| Interest-bearing deposits | 530,000 | 519,000 | 521,000 | 500,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 4,561,000 | 4,559,000 | 4,560,000 | 4,541,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 48,000 | 95,000 | 139,000 | 185,000 |
| Interest expense | 20,000 | 40,000 | 58,000 | 69,000 |
| Net interest income | 28,000 | 55,000 | 81,000 | 116,000 |
| Noninterest income | 0 | 0 | 0 | 0 |
| Noninterest expense | 42,000 | 83,000 | 136,000 | 188,000 |
| Provision for loan losses | 0 | -2,000 | -2,000 | -2,000 |
| Pretax income | -14,000 | -26,000 | -53,000 | -70,000 |
| Income tax | -9,000 | -20,000 | -33,000 | -43,000 |
| Net income | -5,000 | -6,000 | -20,000 | -27,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,551,000 | 4,549,000 | 4,536,000 | 4,529,000 |
| Total capital | 4,554,000 | 4,550,000 | 4,537,000 | 4,530,000 |
| Risk-weighted assets | 2,275,000 | 2,174,000 | 2,104,000 | 2,172,000 |