Call reports 2010
ELEVATE BANK, NATIONAL ASSOCIATION — 2010
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 54,141,000 | 55,903,000 | 54,980,000 | 54,362,000 |
| Total loans | 22,868,000 | 23,328,000 | 22,077,000 | 21,536,000 |
| Allowance for loan losses | 336,000 | 320,000 | 400,000 | 400,000 |
| Securities available for sale | 29,123,000 | 30,724,000 | 31,519,000 | 31,412,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,195,000 | 42,618,000 | 42,854,000 | 47,711,000 |
| Interest-bearing deposits | 34,610,000 | 34,677,000 | 34,579,000 | 38,625,000 |
| Noninterest-bearing deposits | 8,585,000 | 7,941,000 | 8,275,000 | 9,086,000 |
| Equity capital | 5,793,000 | 6,201,000 | 6,298,000 | 5,148,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 601,000 | 1,242,000 | 1,793,000 | 2,393,000 |
| Interest expense | 153,000 | 313,000 | 474,000 | 619,000 |
| Net interest income | 448,000 | 929,000 | 1,319,000 | 1,774,000 |
| Noninterest income | 64,000 | 128,000 | 184,000 | 243,000 |
| Noninterest expense | 277,000 | 575,000 | 884,000 | 1,322,000 |
| Provision for loan losses | 0 | 0 | 90,000 | 90,000 |
| Pretax income | 352,000 | 614,000 | 764,000 | 840,000 |
| Income tax | 15,000 | 25,000 | 33,000 | 34,000 |
| Net income | 337,000 | 589,000 | 731,000 | 806,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,213,000 | 5,361,000 | 5,479,000 | 4,962,000 |
| Total capital | 5,549,000 | 5,681,000 | 5,855,000 | 5,344,000 |
| Risk-weighted assets | 28,879,000 | 30,039,000 | 30,033,000 | 30,528,000 |