Call reports 2014
SEAWAY BANK AND TRUST COMPANY — 2014
What SEAWAY BANK AND TRUST COMPANY 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 | 543,814,000 | 519,745,000 | 516,852,000 | 419,968,000 |
| Total loans | 288,690,000 | 278,641,000 | 271,493,000 | 265,157,000 |
| Allowance for loan losses | 21,093,000 | 22,235,000 | 20,461,000 | 15,549,000 |
| Securities available for sale | 177,736,000 | 143,559,000 | 101,466,000 | 47,877,000 |
| Securities held to maturity | 1,361,000 | 1,335,000 | 1,354,000 | 1,298,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 492,309,000 | 463,708,000 | 435,652,000 | 330,458,000 |
| Interest-bearing deposits | 416,885,000 | 389,145,000 | 359,173,000 | 255,996,000 |
| Noninterest-bearing deposits | 75,424,000 | 74,563,000 | 76,479,000 | 74,462,000 |
| Equity capital | 39,462,000 | 38,743,000 | 38,075,000 | 42,540,000 |
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 | 5,969,000 | 12,122,000 | 19,535,000 | 22,904,000 |
| Interest expense | 653,000 | 1,255,000 | 1,793,000 | 2,254,000 |
| Net interest income | 5,316,000 | 10,867,000 | 17,742,000 | 20,650,000 |
| Noninterest income | 2,799,000 | 5,116,000 | 7,112,000 | 10,832,000 |
| Noninterest expense | 7,425,000 | 15,719,000 | 25,314,000 | 35,068,000 |
| Provision for loan losses | 1,726,000 | 3,308,000 | 4,876,000 | -2,369,000 |
| Pretax income | -1,036,000 | -3,674,000 | -6,863,000 | -3,468,000 |
| Income tax | -414,000 | -177,000 | -1,453,000 | -1,386,000 |
| Net income | -622,000 | -3,497,000 | -5,410,000 | -2,082,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,868,000 | 36,606,000 | 33,614,000 | 35,929,000 |
| Total capital | 43,344,000 | 39,865,000 | 36,811,000 | 38,969,000 |
| Risk-weighted assets | 260,461,000 | 241,783,000 | 238,464,000 | 230,709,000 |
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