Call reports 2004
SHOREBANK, CLEVELAND — 2004
What SHOREBANK, CLEVELAND reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 67,474,000 | 68,235,000 | 68,599,000 | 67,874,000 |
| Total loans | 31,568,000 | 32,888,000 | 33,565,000 | 33,092,000 |
| Allowance for loan losses | 638,000 | 654,000 | 650,000 | 604,000 |
| Securities available for sale | 33,673,000 | 33,601,000 | 33,277,000 | 33,367,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,368,000 | 54,015,000 | 54,772,000 | 53,821,000 |
| Interest-bearing deposits | 55,952,000 | 53,622,000 | 54,437,000 | 53,460,000 |
| Noninterest-bearing deposits | 416,000 | 393,000 | 335,000 | 361,000 |
| Equity capital | 7,261,000 | 6,279,000 | 6,994,000 | 6,887,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 868,000 | 1,780,000 | 2,669,000 | 3,536,000 |
| Interest expense | 258,000 | 526,000 | 828,000 | 1,149,000 |
| Net interest income | 610,000 | 1,254,000 | 1,841,000 | 2,387,000 |
| Noninterest income | 5,000 | 16,000 | 181,000 | 263,000 |
| Noninterest expense | 578,000 | 1,176,000 | 1,734,000 | 2,362,000 |
| Provision for loan losses | 79,000 | 124,000 | 169,000 | 314,000 |
| Pretax income | 46,000 | 50,000 | 209,000 | 63,000 |
| Income tax | 16,000 | 18,000 | 72,000 | 13,000 |
| Net income | 30,000 | 32,000 | 137,000 | 50,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,959,000 | 7,052,000 | 7,158,000 | 7,071,000 |
| Total capital | 7,404,000 | 7,533,000 | 7,646,000 | 7,548,000 |
| Risk-weighted assets | 35,800,000 | 38,429,000 | 38,503,000 | 37,688,000 |