Call reports 2014
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2014
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 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 | 789,515,000 | 784,575,000 | 765,350,000 | 772,697,000 |
| Total loans | 619,335,000 | 616,872,000 | 637,165,000 | 648,779,000 |
| Allowance for loan losses | 11,118,000 | 10,740,000 | 9,194,000 | 9,347,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 43,536,000 | 62,958,000 | 62,296,000 | 59,615,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 568,563,000 | 562,395,000 | 541,776,000 | 548,394,000 |
| Interest-bearing deposits | 536,608,000 | 524,848,000 | 513,038,000 | 520,969,000 |
| Noninterest-bearing deposits | 31,955,000 | 37,547,000 | 28,738,000 | 27,425,000 |
| Equity capital | 104,337,000 | 103,994,000 | 105,409,000 | 107,316,000 |
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 | 7,899,000 | 15,657,000 | 23,638,000 | 31,703,000 |
| Interest expense | 1,879,000 | 3,751,000 | 5,632,000 | 7,548,000 |
| Net interest income | 6,020,000 | 11,906,000 | 18,006,000 | 24,155,000 |
| Noninterest income | 932,000 | 1,911,000 | 3,118,000 | 4,247,000 |
| Noninterest expense | 5,603,000 | 12,811,000 | 18,453,000 | 23,424,000 |
| Provision for loan losses | 200,000 | 200,000 | 450,000 | 850,000 |
| Pretax income | 1,149,000 | 806,000 | 2,221,000 | 4,128,000 |
| Income tax | 8,000 | 8,000 | 8,000 | 8,000 |
| Net income | 1,141,000 | 798,000 | 2,213,000 | 4,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 103,931,000 | 103,590,000 | 105,004,000 | 106,916,000 |
| Total capital | 110,975,000 | 110,509,000 | 111,940,000 | 113,843,000 |
| Risk-weighted assets | 559,479,000 | 549,660,000 | 551,320,000 | 551,450,000 |
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