Call reports 2013
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2013
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 846,193,000 | 835,876,000 | 810,577,000 | 795,337,000 |
| Total loans | 664,049,000 | 652,810,000 | 612,144,000 | 616,320,000 |
| Allowance for loan losses | 15,358,000 | 12,587,000 | 12,163,000 | 11,632,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 31,940,000 | 30,889,000 | 37,933,000 | 44,661,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 599,239,000 | 589,772,000 | 584,616,000 | 575,311,000 |
| Interest-bearing deposits | 567,623,000 | 557,154,000 | 549,689,000 | 540,154,000 |
| Noninterest-bearing deposits | 31,616,000 | 32,618,000 | 34,927,000 | 35,157,000 |
| Equity capital | 128,121,000 | 128,565,000 | 108,454,000 | 103,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 8,873,000 | 17,397,000 | 25,715,000 | 33,642,000 |
| Interest expense | 2,147,000 | 4,259,000 | 6,342,000 | 8,326,000 |
| Net interest income | 6,726,000 | 13,138,000 | 19,373,000 | 25,316,000 |
| Noninterest income | 1,227,000 | 2,460,000 | 1,925,000 | -705,000 |
| Noninterest expense | 6,385,000 | 13,020,000 | 18,750,000 | 23,621,000 |
| Provision for loan losses | 300,000 | 600,000 | 12,800,000 | 16,500,000 |
| Pretax income | 1,268,000 | 1,978,000 | -10,252,000 | -15,510,000 |
| Income tax | 512,000 | 779,000 | 8,660,000 | 8,660,000 |
| Net income | 756,000 | 1,199,000 | -18,912,000 | -24,170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 124,153,000 | 124,272,000 | 108,052,000 | 102,790,000 |
| Total capital | 132,038,000 | 131,863,000 | 115,253,000 | 109,055,000 |
| Risk-weighted assets | 622,537,000 | 612,672,000 | 575,307,000 | 551,907,000 |
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