Call reports 2016
SEAWAY BANK AND TRUST COMPANY — 2016
What SEAWAY BANK AND TRUST COMPANY 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 | 372,982,000 | 378,781,000 | 361,197,000 | 297,809,000 |
| Total loans | 233,979,000 | 223,846,000 | 215,060,000 | 202,272,000 |
| Allowance for loan losses | 4,914,000 | 6,372,000 | 4,567,000 | 5,012,000 |
| Securities available for sale | 15,706,000 | 12,600,000 | 13,930,000 | 6,582,000 |
| Securities held to maturity | 1,209,000 | 1,159,000 | 1,101,000 | 1,064,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,992,000 | 302,679,000 | 307,118,000 | 256,505,000 |
| Interest-bearing deposits | 232,848,000 | 234,784,000 | 241,466,000 | 202,015,000 |
| Noninterest-bearing deposits | 66,143,000 | 67,895,000 | 65,652,000 | 54,489,000 |
| Equity capital | 24,800,000 | 26,937,000 | 7,465,000 | -5,791,000 |
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 | 2,757,000 | 5,559,000 | 8,300,000 | 10,690,000 |
| Interest expense | 400,000 | 822,000 | 1,254,000 | 1,682,000 |
| Net interest income | 2,357,000 | 4,737,000 | 7,046,000 | 9,008,000 |
| Noninterest income | 1,338,000 | 3,340,000 | 5,130,000 | 6,860,000 |
| Noninterest expense | 10,641,000 | 17,586,000 | 23,915,000 | 40,098,000 |
| Provision for loan losses | 0 | 1,515,000 | 742,000 | 1,469,000 |
| Pretax income | -6,945,000 | -11,022,000 | -12,479,000 | -25,702,000 |
| Income tax | -2,705,000 | -4,186,000 | 0 | 0 |
| Net income | -4,240,000 | -6,836,000 | -12,479,000 | -25,702,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,952,000 | 11,753,000 | 7,133,000 | -6,004,000 |
| Total capital | 15,978,000 | 14,560,000 | 9,880,000 | -3,559,000 |
| Risk-weighted assets | 234,193,000 | 213,816,000 | 217,951,000 | 192,873,000 |