Call reports 2003
SEARS NATIONAL BANK — 2003
What SEARS NATIONAL BANK 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 | 280,613,000 | 254,465,000 | 249,741,000 | 86,280,000 |
| Total loans | 80,000,000 | 80,000,000 | 80,000,000 | 0 |
| Allowance for loan losses | 0 | 0 | 0 | 0 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 15,018,000 | 19,922,000 | 5,446,000 | 362,000 |
| Trading assets | 5,013,000 | 0 | 0 | 0 |
| Total deposits | 80,000,000 | 80,000,000 | 80,000,000 | 502,000 |
| Interest-bearing deposits | 80,000,000 | 80,000,000 | 80,000,000 | 502,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 32,133,000 | 35,144,000 | 46,453,000 | 70,859,000 |
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 | 2,453,000 | 4,157,000 | 5,808,000 | 6,482,000 |
| Interest expense | 1,326,000 | 2,370,000 | 3,428,000 | 3,785,000 |
| Net interest income | 1,127,000 | 1,787,000 | 2,380,000 | 2,697,000 |
| Noninterest income | 45,231,000 | 91,949,000 | 141,116,000 | 193,634,000 |
| Noninterest expense | 28,966,000 | 58,372,000 | 89,224,000 | 101,249,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 17,392,000 | 35,364,000 | 54,272,000 | 95,082,000 |
| Income tax | 6,988,000 | 14,212,000 | 21,811,000 | 38,215,000 |
| Net income | 10,404,000 | 21,152,000 | 32,461,000 | 56,867,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,759,000 | 29,770,000 | 41,349,000 | 70,859,000 |
| Total capital | 26,759,000 | 29,770,000 | 41,349,000 | 70,859,000 |
| Risk-weighted assets | 19,294,000 | 24,982,000 | 27,272,000 | 17,319,000 |
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