Call reports 2016
SARATOGA NATIONAL BANK AND TRUST COMPANY — 2016
What SARATOGA NATIONAL BANK AND TRUST COMPANY 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 | 402,981,000 | 401,184,000 | 430,344,000 | 443,258,000 |
| Total loans | 319,733,000 | 312,579,000 | 336,149,000 | 352,354,000 |
| Allowance for loan losses | 3,095,000 | 2,905,000 | 3,134,000 | 3,118,000 |
| Securities available for sale | 41,133,000 | 38,192,000 | 35,886,000 | 39,381,000 |
| Securities held to maturity | 21,210,000 | 26,582,000 | 26,671,000 | 29,195,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 334,226,000 | 335,414,000 | 363,096,000 | 373,768,000 |
| Interest-bearing deposits | 280,932,000 | 278,514,000 | 306,088,000 | 309,777,000 |
| Noninterest-bearing deposits | 53,294,000 | 56,900,000 | 57,008,000 | 63,991,000 |
| Equity capital | 36,622,000 | 37,811,000 | 38,709,000 | 39,861,000 |
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 | 3,278,000 | 6,612,000 | 10,010,000 | 13,688,000 |
| Interest expense | 295,000 | 599,000 | 921,000 | 1,262,000 |
| Net interest income | 2,983,000 | 6,013,000 | 9,089,000 | 12,426,000 |
| Noninterest income | 574,000 | 1,160,000 | 1,775,000 | 2,269,000 |
| Noninterest expense | 1,930,000 | 3,897,000 | 5,890,000 | 7,867,000 |
| Provision for loan losses | 95,000 | 0 | 302,000 | 350,000 |
| Pretax income | 1,532,000 | 3,276,000 | 4,672,000 | 6,453,000 |
| Income tax | 537,000 | 1,147,000 | 1,575,000 | 2,106,000 |
| Net income | 995,000 | 2,129,000 | 3,097,000 | 4,347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,642,000 | 36,790,000 | 37,769,000 | 39,050,000 |
| Total capital | 38,737,000 | 39,695,000 | 40,903,000 | 42,168,000 |
| Risk-weighted assets | 307,710,000 | 300,652,000 | 323,534,000 | 329,249,000 |