Call reports 2013
ELEVATE BANK, NATIONAL ASSOCIATION — 2013
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 50,665,000 | 51,191,000 | 54,706,000 | 56,632,000 |
| Total loans | 18,542,000 | 18,878,000 | 16,926,000 | 17,476,000 |
| Allowance for loan losses | 330,000 | 318,000 | 321,000 | 327,000 |
| Securities available for sale | 26,545,000 | 26,911,000 | 32,409,000 | 33,477,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,612,000 | 43,473,000 | 42,226,000 | 43,918,000 |
| Interest-bearing deposits | 34,205,000 | 32,745,000 | 32,184,000 | 33,154,000 |
| Noninterest-bearing deposits | 10,407,000 | 10,728,000 | 10,042,000 | 10,764,000 |
| Equity capital | 5,970,000 | 5,595,000 | 5,529,000 | 5,375,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 407,000 | 807,000 | 1,201,000 | 1,631,000 |
| Interest expense | 52,000 | 104,000 | 156,000 | 210,000 |
| Net interest income | 355,000 | 703,000 | 1,045,000 | 1,421,000 |
| Noninterest income | 50,000 | 93,000 | 141,000 | 201,000 |
| Noninterest expense | 378,000 | 728,000 | 1,075,000 | 1,449,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 27,000 | 68,000 | 111,000 | 173,000 |
| Income tax | 2,000 | 4,000 | 6,000 | 8,000 |
| Net income | 25,000 | 64,000 | 105,000 | 165,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,507,000 | 5,546,000 | 5,587,000 | 5,587,000 |
| Total capital | 5,827,000 | 5,864,000 | 5,901,000 | 5,906,000 |
| Risk-weighted assets | 25,594,000 | 26,163,000 | 25,106,000 | 25,535,000 |