Call reports 2018
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2018
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 797,340,000 | 816,920,000 | 885,696,000 | 970,655,000 |
| Total loans | 674,453,000 | 695,105,000 | 697,511,000 | 690,860,000 |
| Allowance for loan losses | 8,131,000 | 8,219,000 | 8,018,000 | 8,007,000 |
| Securities available for sale | 12,011,000 | 11,974,000 | 11,949,000 | 11,978,000 |
| Securities held to maturity | 49,911,000 | 46,488,000 | 43,109,000 | 38,912,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 592,286,000 | 624,208,000 | 697,183,000 | 782,988,000 |
| Interest-bearing deposits | 518,616,000 | 550,538,000 | 610,932,000 | 636,384,000 |
| Noninterest-bearing deposits | 73,670,000 | 73,670,000 | 86,252,000 | 146,604,000 |
| Equity capital | 110,579,000 | 111,895,000 | 113,616,000 | 115,798,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 8,860,000 | 17,845,000 | 27,390,000 | 37,595,000 |
| Interest expense | 1,678,000 | 3,486,000 | 5,438,000 | 7,593,000 |
| Net interest income | 7,182,000 | 14,359,000 | 21,952,000 | 30,002,000 |
| Noninterest income | 1,403,000 | 2,964,000 | 4,707,000 | 6,426,000 |
| Noninterest expense | 5,657,000 | 11,504,000 | 18,054,000 | 24,310,000 |
| Provision for loan losses | 0 | 0 | -300,000 | -300,000 |
| Pretax income | 2,928,000 | 5,819,000 | 8,905,000 | 12,418,000 |
| Income tax | 830,000 | 1,619,000 | 2,358,000 | 3,102,000 |
| Net income | 2,098,000 | 4,200,000 | 6,547,000 | 9,316,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,618,000 | 108,466,000 | 111,048,000 | 114,749,000 |
| Total capital | 115,614,000 | 116,722,000 | 119,248,000 | 122,889,000 |
| Risk-weighted assets | 638,881,000 | 659,795,000 | 658,910,000 | 658,918,000 |