Call reports 2016
SOUND COMMUNITY BANK — 2016
What SOUND COMMUNITY 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 | 542,937,000 | 541,130,000 | 565,561,000 | 587,723,000 |
| Total loans | 463,619,000 | 465,335,000 | 479,491,000 | 500,873,000 |
| Allowance for loan losses | 4,709,000 | 4,838,000 | 4,859,000 | 4,822,000 |
| Securities available for sale | 6,286,000 | 7,393,000 | 6,995,000 | 6,604,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 451,872,000 | 446,163,000 | 467,263,000 | 471,346,000 |
| Interest-bearing deposits | 395,477,000 | 384,490,000 | 395,327,000 | 405,920,000 |
| Noninterest-bearing deposits | 56,394,000 | 61,672,000 | 71,936,000 | 65,425,000 |
| Equity capital | 54,727,000 | 55,715,000 | 56,044,000 | 57,698,000 |
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 | 6,210,000 | 12,581,000 | 19,026,000 | 25,863,000 |
| Interest expense | 717,000 | 1,427,000 | 2,156,000 | 2,919,000 |
| Net interest income | 5,493,000 | 11,154,000 | 16,870,000 | 22,944,000 |
| Noninterest income | 816,000 | 1,799,000 | 3,045,000 | 4,324,000 |
| Noninterest expense | 4,426,000 | 8,846,000 | 13,514,000 | 18,295,000 |
| Provision for loan losses | 150,000 | 250,000 | 250,000 | 454,000 |
| Pretax income | 1,733,000 | 3,857,000 | 6,151,000 | 8,519,000 |
| Income tax | 598,000 | 1,412,000 | 2,220,000 | 2,996,000 |
| Net income | 1,135,000 | 2,445,000 | 3,931,000 | 5,523,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,199,000 | 55,239,000 | 55,623,000 | 57,406,000 |
| Total capital | 59,063,000 | 60,232,000 | 60,657,000 | 62,423,000 |
| Risk-weighted assets | 447,038,000 | 433,735,000 | 454,002,000 | 477,548,000 |