Call reports 2016
PROVIDENCE BANK — 2016
What PROVIDENCE BANK 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 | 258,099,000 | 263,322,000 | 268,086,000 | 275,585,000 |
| Total loans | 206,125,000 | 213,885,000 | 217,829,000 | 220,165,000 |
| Allowance for loan losses | 2,823,000 | 2,904,000 | 2,887,000 | 2,965,000 |
| Securities available for sale | 3,010,000 | 4,016,000 | 4,010,000 | 4,000,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 93,000 | 90,000 | 77,000 | 57,000 |
| Total deposits | 222,205,000 | 227,447,000 | 229,302,000 | 236,925,000 |
| Interest-bearing deposits | 199,531,000 | 205,613,000 | 205,269,000 | 212,422,000 |
| Noninterest-bearing deposits | 22,674,000 | 21,834,000 | 24,033,000 | 24,503,000 |
| Equity capital | 26,727,000 | 27,290,000 | 27,827,000 | 28,393,000 |
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 | 2,761,000 | 5,551,000 | 8,460,000 | 11,426,000 |
| Interest expense | 545,000 | 1,112,000 | 1,678,000 | 2,248,000 |
| Net interest income | 2,216,000 | 4,439,000 | 6,782,000 | 9,178,000 |
| Noninterest income | 93,000 | 195,000 | 385,000 | 489,000 |
| Noninterest expense | 1,434,000 | 2,835,000 | 4,309,000 | 5,621,000 |
| Provision for loan losses | 18,000 | 124,000 | 125,000 | 195,000 |
| Pretax income | 857,000 | 1,675,000 | 2,733,000 | 3,851,000 |
| Income tax | 305,000 | 588,000 | 954,000 | 1,344,000 |
| Net income | 552,000 | 1,087,000 | 1,779,000 | 2,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,730,000 | 27,288,000 | 27,827,000 | 28,398,000 |
| Total capital | 29,318,000 | 29,969,000 | 30,593,000 | 31,203,000 |
| Risk-weighted assets | 206,874,000 | 214,335,000 | 221,219,000 | 224,281,000 |