Call reports 2017
PROVIDENCE BANK — 2017
What PROVIDENCE BANK 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 | 282,995,000 | 299,185,000 | 303,769,000 | 322,242,000 |
| Total loans | 230,254,000 | 240,671,000 | 247,191,000 | 256,296,000 |
| Allowance for loan losses | 3,029,000 | 3,000,000 | 3,034,000 | 3,071,000 |
| Securities available for sale | 3,497,000 | 4,494,000 | 4,491,000 | 4,481,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 48,000 | 42,000 | 35,000 | 26,000 |
| Total deposits | 239,882,000 | 244,268,000 | 250,420,000 | 257,927,000 |
| Interest-bearing deposits | 216,350,000 | 220,453,000 | 223,510,000 | 218,233,000 |
| Noninterest-bearing deposits | 23,532,000 | 23,815,000 | 26,910,000 | 39,694,000 |
| Equity capital | 28,939,000 | 29,647,000 | 30,304,000 | 41,415,000 |
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 | 3,004,000 | 6,262,000 | 9,659,000 | 13,166,000 |
| Interest expense | 570,000 | 1,179,000 | 1,843,000 | 2,511,000 |
| Net interest income | 2,434,000 | 5,083,000 | 7,816,000 | 10,655,000 |
| Noninterest income | 111,000 | 222,000 | 345,000 | 347,000 |
| Noninterest expense | 1,369,000 | 2,749,000 | 4,264,000 | 5,833,000 |
| Provision for loan losses | 64,000 | 130,000 | 172,000 | 215,000 |
| Pretax income | 1,112,000 | 2,426,000 | 3,725,000 | 4,954,000 |
| Income tax | 401,000 | 867,000 | 1,356,000 | 2,325,000 |
| Net income | 711,000 | 1,559,000 | 2,369,000 | 2,629,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,944,000 | 29,653,000 | 30,309,000 | 41,425,000 |
| Total capital | 31,851,000 | 32,653,000 | 33,343,000 | 44,496,000 |
| Risk-weighted assets | 232,452,000 | 245,052,000 | 250,304,000 | 259,771,000 |