Call reports 2003
CAROLINA NATIONAL BANK AND TRUST COMPANY — 2003
What CAROLINA NATIONAL BANK AND TRUST COMPANY 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 | 38,853,000 | 39,029,000 | 48,593,000 | 61,194,000 |
| Total loans | 20,900,000 | 29,813,000 | 38,053,000 | 53,283,000 |
| Allowance for loan losses | 313,000 | 447,000 | 571,000 | 799,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 5,356,000 | 3,330,000 | 3,316,000 | 3,302,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,253,000 | 31,674,000 | 39,429,000 | 51,649,000 |
| Interest-bearing deposits | 22,506,000 | 22,829,000 | 33,031,000 | 43,148,000 |
| Noninterest-bearing deposits | 8,747,000 | 8,845,000 | 6,398,000 | 8,501,000 |
| Equity capital | 7,554,000 | 7,230,000 | 9,000,000 | 8,657,000 |
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 | 252,000 | 618,000 | 1,070,000 | 1,649,000 |
| Interest expense | 108,000 | 213,000 | 343,000 | 511,000 |
| Net interest income | 144,000 | 405,000 | 727,000 | 1,138,000 |
| Noninterest income | 91,000 | 188,000 | 252,000 | 305,000 |
| Noninterest expense | 571,000 | 1,273,000 | 1,883,000 | 2,631,000 |
| Provision for loan losses | 161,000 | 296,000 | 420,000 | 648,000 |
| Pretax income | -497,000 | -988,000 | -1,336,000 | -1,848,000 |
| Income tax | -169,000 | -336,000 | -454,000 | -623,000 |
| Net income | -328,000 | -652,000 | -882,000 | -1,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,666,000 | 6,175,000 | 7,826,000 | 7,314,000 |
| Total capital | 6,979,000 | 6,564,000 | 8,327,000 | 8,019,000 |
| Risk-weighted assets | 26,384,000 | 31,085,000 | 40,012,000 | 56,310,000 |