Call reports 2016
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2016
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 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 | 761,831,000 | 790,142,000 | 773,977,000 | 784,496,000 |
| Total loans | 605,641,000 | 629,914,000 | 624,151,000 | 619,166,000 |
| Allowance for loan losses | 8,595,000 | 8,766,000 | 8,947,000 | 8,932,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 74,757,000 | 72,580,000 | 67,677,000 | 62,757,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 530,111,000 | 546,005,000 | 560,336,000 | 576,636,000 |
| Interest-bearing deposits | 495,401,000 | 505,701,000 | 459,758,000 | 515,563,000 |
| Noninterest-bearing deposits | 34,710,000 | 40,304,000 | 100,578,000 | 61,073,000 |
| Equity capital | 114,638,000 | 117,345,000 | 105,104,000 | 105,899,000 |
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 | 7,487,000 | 15,112,000 | 22,939,000 | 30,684,000 |
| Interest expense | 1,880,000 | 3,778,000 | 5,712,000 | 7,588,000 |
| Net interest income | 5,607,000 | 11,334,000 | 17,227,000 | 23,096,000 |
| Noninterest income | 1,040,000 | 2,669,000 | 4,196,000 | 5,618,000 |
| Noninterest expense | 5,303,000 | 11,060,000 | 16,770,000 | 22,446,000 |
| Provision for loan losses | 0 | 100,000 | 150,000 | -350,000 |
| Pretax income | 1,344,000 | 2,843,000 | 4,503,000 | 6,618,000 |
| Income tax | 0 | -10,708,000 | -10,308,000 | -8,987,000 |
| Net income | 1,344,000 | 13,551,000 | 14,811,000 | 15,605,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 114,304,000 | 109,289,000 | 97,733,000 | 98,970,000 |
| Total capital | 121,298,000 | 116,727,000 | 105,299,000 | 106,517,000 |
| Risk-weighted assets | 557,741,000 | 590,459,000 | 600,926,000 | 599,616,000 |