Call reports 2016
ELEVATE BANK, NATIONAL ASSOCIATION — 2016
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 60,904,000 | 53,062,000 | 49,352,000 | 56,406,000 |
| Total loans | 19,643,000 | 19,946,000 | 19,183,000 | 20,132,000 |
| Allowance for loan losses | 390,000 | 394,000 | 403,000 | 425,000 |
| Securities available for sale | 28,621,000 | 24,182,000 | 21,454,000 | 25,423,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,701,000 | 41,202,000 | 41,357,000 | 42,752,000 |
| Interest-bearing deposits | 29,985,000 | 29,884,000 | 29,311,000 | 30,324,000 |
| Noninterest-bearing deposits | 11,716,000 | 11,318,000 | 12,046,000 | 12,428,000 |
| Equity capital | 6,089,000 | 6,322,000 | 6,363,000 | 5,380,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 449,000 | 885,000 | 1,290,000 | 1,698,000 |
| Interest expense | 49,000 | 93,000 | 124,000 | 156,000 |
| Net interest income | 400,000 | 792,000 | 1,166,000 | 1,542,000 |
| Noninterest income | 64,000 | 123,000 | 183,000 | 241,000 |
| Noninterest expense | 425,000 | 797,000 | 1,180,000 | 1,603,000 |
| Provision for loan losses | 45,000 | 45,000 | 65,000 | 85,000 |
| Pretax income | 77,000 | 295,000 | 377,000 | 397,000 |
| Income tax | 3,000 | 12,000 | 15,000 | 16,000 |
| Net income | 74,000 | 283,000 | 362,000 | 381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,945,000 | 6,154,000 | 6,233,000 | 5,972,000 |
| Total capital | 6,327,000 | 6,508,000 | 6,572,000 | 6,339,000 |
| Risk-weighted assets | 30,531,000 | 28,253,000 | 27,021,000 | 29,326,000 |