Call reports 2003
STATE BANK OF NIANTIC — 2003
What STATE BANK OF NIANTIC 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 | 43,598,000 | 44,984,000 | 43,945,000 | 43,718,000 |
| Total loans | 29,722,000 | 31,014,000 | 31,736,000 | 31,906,000 |
| Allowance for loan losses | 321,000 | 335,000 | 347,000 | 343,000 |
| Securities available for sale | 8,723,000 | 10,141,000 | 9,324,000 | 9,158,000 |
| Securities held to maturity | 558,000 | 558,000 | 557,000 | 407,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,942,000 | 37,153,000 | 35,617,000 | 35,643,000 |
| Interest-bearing deposits | 33,314,000 | 34,509,000 | 33,521,000 | 32,929,000 |
| Noninterest-bearing deposits | 2,628,000 | 2,644,000 | 2,096,000 | 2,714,000 |
| Equity capital | 6,388,000 | 6,541,000 | 6,615,000 | 6,708,000 |
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 | 708,000 | 1,420,000 | 2,148,000 | 2,879,000 |
| Interest expense | 254,000 | 494,000 | 724,000 | 939,000 |
| Net interest income | 454,000 | 926,000 | 1,424,000 | 1,940,000 |
| Noninterest income | 123,000 | 243,000 | 367,000 | 481,000 |
| Noninterest expense | 286,000 | 581,000 | 876,000 | 1,155,000 |
| Provision for loan losses | 40,000 | 65,000 | 105,000 | 140,000 |
| Pretax income | 251,000 | 527,000 | 814,000 | 1,130,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 11,000 |
| Net income | 250,000 | 526,000 | 813,000 | 1,119,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,250,000 | 6,314,000 | 6,480,000 | 6,598,000 |
| Total capital | 6,571,000 | 6,649,000 | 6,827,000 | 6,941,000 |
| Risk-weighted assets | 28,908,000 | 30,151,000 | 30,480,000 | 30,247,000 |