Call reports 2017
MODERN BANK, NATIONAL ASSOCIATION — 2017
What MODERN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 772,599,000 | 815,574,000 | 869,777,000 | 835,747,000 |
| Total loans | 539,543,000 | 566,640,000 | 596,789,000 | 610,006,000 |
| Allowance for loan losses | 6,402,000 | 6,533,000 | 6,815,000 | 6,869,000 |
| Securities available for sale | 72,765,000 | 89,815,000 | 86,502,000 | 83,277,000 |
| Securities held to maturity | 118,401,000 | 115,328,000 | 112,455,000 | 107,236,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 554,244,000 | 565,231,000 | 603,870,000 | 600,164,000 |
| Interest-bearing deposits | 537,592,000 | 547,807,000 | 571,495,000 | 574,718,000 |
| Noninterest-bearing deposits | 16,652,000 | 17,424,000 | 32,375,000 | 25,446,000 |
| Equity capital | 86,322,000 | 87,041,000 | 88,613,000 | 86,791,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 6,050,000 | 12,218,000 | 19,090,000 | 26,259,000 |
| Interest expense | 1,391,000 | 2,911,000 | 4,773,000 | 7,262,000 |
| Net interest income | 4,659,000 | 9,307,000 | 14,317,000 | 18,997,000 |
| Noninterest income | 195,000 | 595,000 | 1,001,000 | 1,249,000 |
| Noninterest expense | 3,724,000 | 7,671,000 | 11,395,000 | 15,013,000 |
| Provision for loan losses | -32,000 | -276,000 | -27,000 | 27,000 |
| Pretax income | 1,162,000 | 2,507,000 | 3,950,000 | 5,206,000 |
| Income tax | 424,000 | 1,071,000 | 1,130,000 | 3,933,000 |
| Net income | 738,000 | 1,436,000 | 2,820,000 | 1,273,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,811,000 | 77,875,000 | 79,610,000 | 77,930,000 |
| Total capital | 83,337,000 | 84,520,000 | 86,543,000 | 84,906,000 |
| Risk-weighted assets | 594,447,000 | 626,492,000 | 661,944,000 | 661,647,000 |