Call reports 2011
ELEVATE BANK, NATIONAL ASSOCIATION — 2011
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 52,248,000 | 53,118,000 | 51,926,000 | 51,937,000 |
| Total loans | 21,216,000 | 20,357,000 | 18,996,000 | 20,107,000 |
| Allowance for loan losses | 413,000 | 401,000 | 395,000 | 397,000 |
| Securities available for sale | 27,618,000 | 28,630,000 | 29,439,000 | 26,955,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,785,000 | 47,085,000 | 45,680,000 | 45,941,000 |
| Interest-bearing deposits | 37,641,000 | 37,971,000 | 35,917,000 | 36,469,000 |
| Noninterest-bearing deposits | 9,144,000 | 9,114,000 | 9,763,000 | 9,472,000 |
| Equity capital | 5,354,000 | 5,927,000 | 6,143,000 | 5,902,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 624,000 | 1,150,000 | 1,614,000 | 2,062,000 |
| Interest expense | 130,000 | 248,000 | 349,000 | 437,000 |
| Net interest income | 494,000 | 902,000 | 1,265,000 | 1,625,000 |
| Noninterest income | 59,000 | 123,000 | 186,000 | 245,000 |
| Noninterest expense | 324,000 | 643,000 | 1,016,000 | 1,531,000 |
| Provision for loan losses | 11,000 | 11,000 | 11,000 | 11,000 |
| Pretax income | 235,000 | 416,000 | 570,000 | 498,000 |
| Income tax | 11,000 | 18,000 | 24,000 | 21,000 |
| Net income | 224,000 | 398,000 | 546,000 | 477,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,186,000 | 5,340,000 | 5,468,000 | 5,319,000 |
| Total capital | 5,548,000 | 5,691,000 | 5,791,000 | 5,652,000 |
| Risk-weighted assets | 28,945,000 | 28,005,000 | 25,780,000 | 26,594,000 |