Call reports 2016
TIDELANDS BANK — 2016
What TIDELANDS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 |
|---|---|---|
| Total assets | 463,717,000 | 445,393,000 |
| Total loans | 325,300,000 | 321,488,000 |
| Allowance for loan losses | 3,835,000 | 3,412,000 |
| Securities available for sale | 69,402,000 | 60,615,000 |
| Securities held to maturity | 5,245,000 | 5,004,000 |
| Trading assets | 0 | 0 |
| Total deposits | 413,292,000 | 398,108,000 |
| Interest-bearing deposits | 379,860,000 | 358,382,000 |
| Noninterest-bearing deposits | 33,432,000 | 39,726,000 |
| Equity capital | 24,882,000 | 22,696,000 |
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 |
|---|---|---|
| Interest income | 4,242,000 | 8,636,000 |
| Interest expense | 1,079,000 | 2,124,000 |
| Net interest income | 3,163,000 | 6,512,000 |
| Noninterest income | 79,000 | 611,000 |
| Noninterest expense | 3,529,000 | 9,804,000 |
| Provision for loan losses | 0 | 215,000 |
| Pretax income | -287,000 | -2,900,000 |
| Income tax | 0 | 0 |
| Net income | -287,000 | -2,900,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 |
|---|---|---|
| Tier 1 capital | 25,428,000 | 22,815,000 |
| Total capital | 29,281,000 | 26,245,000 |
| Risk-weighted assets | 358,211,000 | 353,699,000 |