Call reports 2014
OPEN BANK — 2014
What OPEN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 383,630,000 | 439,288,000 | 447,358,000 | 530,892,000 |
| Total loans | 312,748,000 | 330,293,000 | 368,210,000 | 419,238,000 |
| Allowance for loan losses | 5,407,000 | 5,471,000 | 5,482,000 | 5,755,000 |
| Securities available for sale | 8,591,000 | 10,696,000 | 20,312,000 | 19,864,000 |
| Securities held to maturity | 2,999,000 | 2,999,000 | 2,999,000 | 2,999,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 348,535,000 | 371,975,000 | 376,928,000 | 428,519,000 |
| Interest-bearing deposits | 217,740,000 | 220,006,000 | 215,096,000 | 254,070,000 |
| Noninterest-bearing deposits | 130,795,000 | 151,969,000 | 161,832,000 | 174,449,000 |
| Equity capital | 32,670,000 | 62,518,000 | 64,024,000 | 65,442,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,005,000 | 8,330,000 | 13,125,000 | 18,260,000 |
| Interest expense | 363,000 | 757,000 | 1,135,000 | 1,540,000 |
| Net interest income | 3,642,000 | 7,573,000 | 11,990,000 | 16,720,000 |
| Noninterest income | 2,061,000 | 4,631,000 | 6,662,000 | 8,494,000 |
| Noninterest expense | 3,743,000 | 8,167,000 | 12,467,000 | 16,595,000 |
| Provision for loan losses | 210,000 | 260,000 | 260,000 | 1,000,000 |
| Pretax income | 1,750,000 | 3,777,000 | 5,925,000 | 7,619,000 |
| Income tax | 727,000 | 1,552,000 | 2,425,000 | 3,135,000 |
| Net income | 1,023,000 | 2,225,000 | 3,500,000 | 4,484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,920,000 | 62,227,000 | 63,743,000 | 65,063,000 |
| Total capital | 33,761,000 | 66,309,000 | 68,302,000 | 70,345,000 |
| Risk-weighted assets | 305,676,000 | 325,131,000 | 363,746,000 | 422,022,000 |