Call reports 2017
ELEVATE BANK, NATIONAL ASSOCIATION — 2017
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 58,245,000 | 58,518,000 | 60,296,000 | 61,900,000 |
| Total loans | 20,520,000 | 24,183,000 | 28,005,000 | 29,543,000 |
| Allowance for loan losses | 430,000 | 432,000 | 434,000 | 601,000 |
| Securities available for sale | 25,342,000 | 22,112,000 | 20,558,000 | 21,198,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,531,000 | 42,141,000 | 43,086,000 | 47,047,000 |
| Interest-bearing deposits | 29,629,000 | 30,171,000 | 30,080,000 | 34,312,000 |
| Noninterest-bearing deposits | 11,902,000 | 11,970,000 | 13,006,000 | 12,735,000 |
| Equity capital | 5,567,000 | 5,831,000 | 5,767,000 | 5,174,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 455,000 | 931,000 | 1,430,000 | 1,929,000 |
| Interest expense | 50,000 | 113,000 | 176,000 | 246,000 |
| Net interest income | 405,000 | 818,000 | 1,254,000 | 1,683,000 |
| Noninterest income | 58,000 | 117,000 | 187,000 | 135,000 |
| Noninterest expense | 433,000 | 908,000 | 1,458,000 | 2,048,000 |
| Provision for loan losses | 13,000 | 13,000 | 13,000 | 189,000 |
| Pretax income | 31,000 | 42,000 | 3,000 | -386,000 |
| Income tax | 0 | 1,000 | -1,000 | -16,000 |
| Net income | 31,000 | 41,000 | 4,000 | -370,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,002,000 | 6,012,000 | 5,975,000 | 5,601,000 |
| Total capital | 6,385,000 | 6,433,000 | 6,409,000 | 6,079,000 |
| Risk-weighted assets | 30,582,000 | 33,651,000 | 37,449,000 | 38,118,000 |