Call reports 2003
GECC FINANCIAL CORPORATION — 2003
What GECC FINANCIAL CORPORATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 |
|---|---|---|---|
| Total assets | 9,005,000 | 8,837,000 | 8,026,000 |
| Total loans | 91,000 | 90,000 | 0 |
| Allowance for loan losses | 1,000 | 1,000 | 0 |
| Securities available for sale | 8,699,000 | 8,726,000 | 7,988,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 0 | 0 | 0 |
| Interest-bearing deposits | 0 | 0 | 0 |
| Noninterest-bearing deposits | 0 | 0 | 0 |
| Equity capital | 4,517,000 | 4,530,000 | 4,488,000 |
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 |
|---|---|---|---|
| Interest income | 35,000 | 69,000 | 91,000 |
| Interest expense | 12,000 | 17,000 | 21,000 |
| Net interest income | 23,000 | 52,000 | 70,000 |
| Noninterest income | 0 | 2,000 | 2,000 |
| Noninterest expense | 45,000 | 96,000 | 153,000 |
| Provision for loan losses | 0 | 0 | -1,000 |
| Pretax income | -22,000 | -42,000 | -77,000 |
| Income tax | -12,000 | -23,000 | -37,000 |
| Net income | -10,000 | -19,000 | -40,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 |
|---|---|---|---|
| Tier 1 capital | 4,518,000 | 4,509,000 | 4,488,000 |
| Total capital | 4,519,000 | 4,510,000 | 4,488,000 |
| Risk-weighted assets | 2,100,000 | 2,059,000 | 1,636,000 |