Call reports 2002
SHOREBANK, CLEVELAND — 2002
What SHOREBANK, CLEVELAND 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 | 55,594,000 | 56,939,000 | 59,469,000 | 60,352,000 |
| Total loans | 30,587,000 | 30,127,000 | 33,715,000 | 31,997,000 |
| Allowance for loan losses | 931,000 | 932,000 | 940,000 | 941,000 |
| Securities available for sale | 20,897,000 | 23,280,000 | 23,592,000 | 23,888,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,549,000 | 49,340,000 | 51,785,000 | 52,743,000 |
| Interest-bearing deposits | 47,881,000 | 48,935,000 | 51,367,000 | 52,313,000 |
| Noninterest-bearing deposits | 668,000 | 405,000 | 418,000 | 430,000 |
| Equity capital | 6,510,000 | 6,989,000 | 7,125,000 | 7,211,000 |
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 | 930,000 | 1,865,000 | 2,815,000 | 3,776,000 |
| Interest expense | 329,000 | 659,000 | 985,000 | 1,297,000 |
| Net interest income | 601,000 | 1,206,000 | 1,830,000 | 2,479,000 |
| Noninterest income | 1,000 | 11,000 | 87,000 | 87,000 |
| Noninterest expense | 532,000 | 1,089,000 | 1,659,000 | 2,217,000 |
| Provision for loan losses | 0 | 0 | 84,000 | 84,000 |
| Pretax income | 85,000 | 155,000 | 419,000 | 510,000 |
| Income tax | 29,000 | 52,000 | 141,000 | 170,000 |
| Net income | 56,000 | 103,000 | 278,000 | 340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,666,000 | 6,660,000 | 6,835,000 | 6,897,000 |
| Total capital | 7,054,000 | 7,063,000 | 7,264,000 | 7,325,000 |
| Risk-weighted assets | 30,681,000 | 31,096,000 | 33,891,000 | 33,573,000 |