Call reports 2017
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2017
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 795,599,000 | 772,375,000 | 797,694,000 | 801,128,000 |
| Total loans | 611,146,000 | 633,591,000 | 654,573,000 | 671,407,000 |
| Allowance for loan losses | 8,294,000 | 7,680,000 | 7,898,000 | 8,017,000 |
| Securities available for sale | 7,151,000 | 7,171,000 | 3,129,000 | 10,119,000 |
| Securities held to maturity | 59,283,000 | 64,441,000 | 58,764,000 | 54,303,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 596,828,000 | 582,395,000 | 596,418,000 | 605,212,000 |
| Interest-bearing deposits | 518,873,000 | 502,288,000 | 524,048,000 | 531,111,000 |
| Noninterest-bearing deposits | 77,955,000 | 80,107,000 | 72,370,000 | 74,101,000 |
| Equity capital | 107,025,000 | 108,060,000 | 109,677,000 | 108,735,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 7,541,000 | 15,420,000 | 23,644,000 | 32,159,000 |
| Interest expense | 1,777,000 | 3,462,000 | 5,162,000 | 6,806,000 |
| Net interest income | 5,764,000 | 11,958,000 | 18,482,000 | 25,353,000 |
| Noninterest income | 1,014,000 | 1,699,000 | 2,514,000 | 3,568,000 |
| Noninterest expense | 5,292,000 | 10,796,000 | 15,694,000 | 20,778,000 |
| Provision for loan losses | -275,000 | -650,000 | -650,000 | -650,000 |
| Pretax income | 1,761,000 | 3,511,000 | 5,954,000 | 8,795,000 |
| Income tax | 619,000 | 1,356,000 | 2,173,000 | 5,103,000 |
| Net income | 1,142,000 | 2,155,000 | 3,781,000 | 3,692,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 100,246,000 | 101,643,000 | 104,318,000 | 105,721,000 |
| Total capital | 107,682,000 | 109,192,000 | 112,086,000 | 113,758,000 |
| Risk-weighted assets | 592,613,000 | 602,611,000 | 620,145,000 | 642,310,000 |