Call reports 2018
ELEVATE BANK, NATIONAL ASSOCIATION — 2018
What ELEVATE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 63,774,000 | 59,061,000 | 56,739,000 | 58,385,000 |
| Total loans | 31,996,000 | 28,906,000 | 27,960,000 | 27,791,000 |
| Allowance for loan losses | 635,000 | 636,000 | 599,000 | 599,000 |
| Securities available for sale | 20,329,000 | 19,358,000 | 17,779,000 | 17,439,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,349,000 | 53,200,000 | 51,875,000 | 52,968,000 |
| Interest-bearing deposits | 38,592,000 | 40,185,000 | 38,273,000 | 38,878,000 |
| Noninterest-bearing deposits | 12,757,000 | 13,015,000 | 13,602,000 | 14,090,000 |
| Equity capital | 4,913,000 | 4,828,000 | 4,712,000 | 5,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 555,000 | 1,118,000 | 1,649,000 | 2,202,000 |
| Interest expense | 90,000 | 186,000 | 266,000 | 341,000 |
| Net interest income | 465,000 | 932,000 | 1,383,000 | 1,861,000 |
| Noninterest income | 64,000 | 76,000 | 132,000 | 177,000 |
| Noninterest expense | 520,000 | 1,035,000 | 1,551,000 | 2,183,000 |
| Provision for loan losses | 30,000 | 30,000 | 30,000 | 30,000 |
| Pretax income | -21,000 | -64,000 | -75,000 | -380,000 |
| Income tax | -1,000 | 6,000 | -2,000 | -14,000 |
| Net income | -20,000 | -70,000 | -73,000 | -366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,582,000 | 5,531,000 | 5,530,000 | 5,812,000 |
| Total capital | 6,079,000 | 5,977,000 | 5,953,000 | 6,233,000 |
| Risk-weighted assets | 39,656,000 | 35,492,000 | 33,736,000 | 33,507,000 |