Call reports 2016
MODERN BANK, NATIONAL ASSOCIATION — 2016
What MODERN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 775,526,000 | 713,596,000 | 754,936,000 | 796,492,000 |
| Total loans | 468,932,000 | 466,730,000 | 513,624,000 | 533,343,000 |
| Allowance for loan losses | 5,872,000 | 5,943,000 | 6,382,000 | 6,434,000 |
| Securities available for sale | 68,240,000 | 65,166,000 | 61,006,000 | 75,730,000 |
| Securities held to maturity | 144,720,000 | 140,544,000 | 128,170,000 | 121,640,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 611,655,000 | 545,303,000 | 546,885,000 | 604,901,000 |
| Interest-bearing deposits | 589,348,000 | 527,364,000 | 527,103,000 | 585,709,000 |
| Noninterest-bearing deposits | 22,307,000 | 17,939,000 | 19,782,000 | 19,192,000 |
| Equity capital | 81,365,000 | 81,797,000 | 82,754,000 | 86,903,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,942,000 | 11,629,000 | 18,065,000 | 24,245,000 |
| Interest expense | 1,178,000 | 2,378,000 | 3,646,000 | 5,018,000 |
| Net interest income | 4,764,000 | 9,251,000 | 14,419,000 | 19,227,000 |
| Noninterest income | 18,000 | -62,000 | 234,000 | 851,000 |
| Noninterest expense | 3,825,000 | 7,564,000 | 11,130,000 | 14,666,000 |
| Provision for loan losses | -182,000 | -127,000 | 312,000 | 361,000 |
| Pretax income | 1,139,000 | 1,752,000 | 3,211,000 | 5,051,000 |
| Income tax | 472,000 | 1,005,000 | 1,574,000 | -1,448,000 |
| Net income | 667,000 | 747,000 | 1,637,000 | 6,499,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,905,000 | 75,391,000 | 76,329,000 | 77,586,000 |
| Total capital | 80,846,000 | 81,466,000 | 82,837,000 | 84,144,000 |
| Risk-weighted assets | 542,085,000 | 528,401,000 | 568,035,000 | 588,572,000 |
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