Call reports 2002
WEST GATE BANK — 2002
What WEST GATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 212,194,000 | 199,835,000 | 210,815,000 | 204,942,000 |
| Total loans | 197,923,000 | 184,349,000 | 188,096,000 | 174,037,000 |
| Allowance for loan losses | 3,022,000 | 2,989,000 | 3,807,000 | 3,585,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 497,000 | 2,302,000 | 4,815,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,203,000 | 154,260,000 | 170,100,000 | 170,308,000 |
| Interest-bearing deposits | 130,708,000 | 138,888,000 | 151,979,000 | 150,888,000 |
| Noninterest-bearing deposits | 14,495,000 | 15,372,000 | 18,121,000 | 19,420,000 |
| Equity capital | 15,536,000 | 18,040,000 | 20,160,000 | 17,592,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 4,115,000 | 8,101,000 | 11,864,000 | 15,709,000 |
| Interest expense | 1,791,000 | 3,493,000 | 5,056,000 | 6,463,000 |
| Net interest income | 2,324,000 | 4,608,000 | 6,808,000 | 9,246,000 |
| Noninterest income | 141,000 | 308,000 | 448,000 | 566,000 |
| Noninterest expense | 1,202,000 | 2,500,000 | 3,757,000 | 5,377,000 |
| Provision for loan losses | 120,000 | 180,000 | 1,320,000 | 1,970,000 |
| Pretax income | 1,143,000 | 2,236,000 | 2,179,000 | 2,465,000 |
| Income tax | 391,000 | 780,000 | 1,003,000 | 853,000 |
| Net income | 752,000 | 1,456,000 | 1,176,000 | 1,608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,536,000 | 18,040,000 | 20,160,000 | 17,592,000 |
| Total capital | 17,556,000 | 19,914,000 | 22,098,000 | 19,421,000 |
| Risk-weighted assets | 160,628,000 | 148,795,000 | 153,237,000 | 144,528,000 |