Call reports 2003
SHOREBANK, CLEVELAND — 2003
What SHOREBANK, CLEVELAND 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 | 61,452,000 | 64,204,000 | 65,046,000 | 64,890,000 |
| Total loans | 31,114,000 | 29,862,000 | 30,059,000 | 31,893,000 |
| Allowance for loan losses | 799,000 | 754,000 | 605,000 | 710,000 |
| Securities available for sale | 28,521,000 | 29,113,000 | 32,602,000 | 30,918,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,942,000 | 53,466,000 | 54,886,000 | 55,981,000 |
| Interest-bearing deposits | 53,525,000 | 52,995,000 | 54,511,000 | 55,637,000 |
| Noninterest-bearing deposits | 417,000 | 471,000 | 375,000 | 344,000 |
| Equity capital | 7,147,000 | 7,358,000 | 7,120,000 | 6,944,000 |
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 | 969,000 | 1,866,000 | 2,641,000 | 3,565,000 |
| Interest expense | 285,000 | 567,000 | 822,000 | 1,084,000 |
| Net interest income | 684,000 | 1,299,000 | 1,819,000 | 2,481,000 |
| Noninterest income | 1,000 | 1,000 | 2,000 | 3,000 |
| Noninterest expense | 558,000 | 1,133,000 | 1,669,000 | 2,216,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 180,000 |
| Pretax income | 171,000 | 216,000 | 174,000 | 200,000 |
| Income tax | 59,000 | 74,000 | 60,000 | 76,000 |
| Net income | 112,000 | 142,000 | 114,000 | 124,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,009,000 | 7,039,000 | 7,012,000 | 7,021,000 |
| Total capital | 7,457,000 | 7,498,000 | 7,460,000 | 7,467,000 |
| Risk-weighted assets | 35,448,000 | 36,401,000 | 35,058,000 | 34,932,000 |