Call reports 2016
FINANCE FACTORS, LIMITED — 2016
What FINANCE FACTORS, LIMITED 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 | 526,166,000 | 557,061,000 | 560,918,000 | 573,220,000 |
| Total loans | 343,303,000 | 367,582,000 | 376,430,000 | 388,306,000 |
| Allowance for loan losses | 9,235,000 | 9,435,000 | 9,560,000 | 9,441,000 |
| Securities available for sale | 108,879,000 | 110,215,000 | 106,506,000 | 108,295,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 419,917,000 | 426,813,000 | 442,576,000 | 452,701,000 |
| Interest-bearing deposits | 419,200,000 | 425,699,000 | 441,875,000 | 451,647,000 |
| Noninterest-bearing deposits | 717,000 | 1,114,000 | 701,000 | 1,054,000 |
| Equity capital | 66,348,000 | 67,703,000 | 68,097,000 | 61,186,000 |
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 | 5,216,000 | 10,578,000 | 16,006,000 | 21,599,000 |
| Interest expense | 635,000 | 1,313,000 | 2,061,000 | 2,883,000 |
| Net interest income | 4,581,000 | 9,265,000 | 13,945,000 | 18,716,000 |
| Noninterest income | 181,000 | 755,000 | 1,220,000 | 1,589,000 |
| Noninterest expense | 3,672,000 | 7,810,000 | 12,041,000 | 16,355,000 |
| Provision for loan losses | -208,000 | -458,000 | -458,000 | -884,000 |
| Pretax income | 1,338,000 | 2,705,000 | 3,748,000 | 5,067,000 |
| Income tax | 469,000 | 917,000 | 1,270,000 | 1,719,000 |
| Net income | 869,000 | 1,788,000 | 2,478,000 | 3,348,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,682,000 | 62,507,000 | 63,338,000 | 56,453,000 |
| Total capital | 65,260,000 | 67,422,000 | 68,385,000 | 61,646,000 |
| Risk-weighted assets | 349,739,000 | 369,608,000 | 375,076,000 | 378,079,000 |