Call reports 2014
ELEVATE BANK, NATIONAL ASSOCIATION — 2014
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 59,141,000 | 55,978,000 | 57,274,000 | 62,179,000 |
| Total loans | 16,665,000 | 17,055,000 | 15,706,000 | 15,762,000 |
| Allowance for loan losses | 331,000 | 337,000 | 316,000 | 318,000 |
| Securities available for sale | 35,833,000 | 31,017,000 | 29,767,000 | 30,315,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,542,000 | 43,659,000 | 42,210,000 | 44,099,000 |
| Interest-bearing deposits | 32,365,000 | 32,531,000 | 30,846,000 | 32,455,000 |
| Noninterest-bearing deposits | 10,177,000 | 11,128,000 | 11,364,000 | 11,644,000 |
| Equity capital | 5,630,000 | 5,930,000 | 5,975,000 | 5,807,000 |
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 | 433,000 | 862,000 | 1,284,000 | 1,711,000 |
| Interest expense | 53,000 | 103,000 | 147,000 | 193,000 |
| Net interest income | 380,000 | 759,000 | 1,137,000 | 1,518,000 |
| Noninterest income | 60,000 | 114,000 | 175,000 | 230,000 |
| Noninterest expense | 349,000 | 707,000 | 1,049,000 | 1,514,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 91,000 | 279,000 | 426,000 | 420,000 |
| Income tax | 4,000 | 12,000 | 18,000 | 17,000 |
| Net income | 87,000 | 267,000 | 408,000 | 403,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,674,000 | 5,854,000 | 5,995,000 | 5,750,000 |
| Total capital | 5,993,000 | 6,170,000 | 6,311,000 | 6,068,000 |
| Risk-weighted assets | 25,496,000 | 25,264,000 | 26,200,000 | 29,171,000 |