Call reports 2005
SHOREBANK, CLEVELAND — 2005
What SHOREBANK, CLEVELAND reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 |
|---|---|---|
| Total assets | 68,259,000 | 65,360,000 |
| Total loans | 32,812,000 | 33,034,000 |
| Allowance for loan losses | 599,000 | 603,000 |
| Securities available for sale | 33,933,000 | 30,811,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 53,222,000 | 50,851,000 |
| Interest-bearing deposits | 52,947,000 | 49,524,000 |
| Noninterest-bearing deposits | 275,000 | 1,327,000 |
| Equity capital | 6,597,000 | 7,019,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 |
|---|---|---|
| Interest income | 875,000 | 1,814,000 |
| Interest expense | 340,000 | 707,000 |
| Net interest income | 535,000 | 1,107,000 |
| Noninterest income | 133,000 | 294,000 |
| Noninterest expense | 593,000 | 1,197,000 |
| Provision for loan losses | 53,000 | 180,000 |
| Pretax income | 27,000 | 5,000 |
| Income tax | 10,000 | 2,000 |
| Net income | 17,000 | 3,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 |
|---|---|---|
| Tier 1 capital | 7,088,000 | 7,074,000 |
| Total capital | 7,583,000 | 7,530,000 |
| Risk-weighted assets | 39,530,000 | 36,488,000 |