Call reports 2018
PROVIDENCE BANK — 2018
What PROVIDENCE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 318,408,000 | 420,183,000 | 440,780,000 | 452,347,000 |
| Total loans | 255,886,000 | 323,510,000 | 344,380,000 | 355,206,000 |
| Allowance for loan losses | 3,047,000 | 3,134,000 | 3,252,000 | 3,361,000 |
| Securities available for sale | 4,472,000 | 14,601,000 | 14,073,000 | 14,312,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 18,000 | 12,000 | 8,000 | 4,000 |
| Total deposits | 255,540,000 | 341,359,000 | 352,514,000 | 349,096,000 |
| Interest-bearing deposits | 218,589,000 | 292,294,000 | 301,699,000 | 298,315,000 |
| Noninterest-bearing deposits | 36,951,000 | 49,065,000 | 50,815,000 | 50,781,000 |
| Equity capital | 43,344,000 | 49,163,000 | 50,785,000 | 52,384,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,547,000 | 8,385,000 | 13,476,000 | 18,773,000 |
| Interest expense | 690,000 | 1,492,000 | 2,476,000 | 3,603,000 |
| Net interest income | 2,857,000 | 6,893,000 | 11,000,000 | 15,170,000 |
| Noninterest income | 91,000 | 284,000 | 503,000 | 729,000 |
| Noninterest expense | 1,658,000 | 3,876,000 | 5,924,000 | 7,997,000 |
| Provision for loan losses | 0 | 81,000 | 202,000 | 310,000 |
| Pretax income | 1,290,000 | 3,220,000 | 5,377,000 | 7,592,000 |
| Income tax | 304,000 | 751,000 | 1,251,000 | 1,742,000 |
| Net income | 986,000 | 2,469,000 | 4,126,000 | 5,850,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,354,000 | 42,875,000 | 44,621,000 | 46,061,000 |
| Total capital | 46,401,000 | 46,009,000 | 47,873,000 | 49,422,000 |
| Risk-weighted assets | 264,140,000 | 345,102,000 | 363,094,000 | 377,421,000 |