Call reports 2014
GATE CITY BANK — 2014
What GATE CITY BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,702,199,000 | 1,708,128,000 | 1,720,039,000 | 1,771,679,000 |
| Total loans | 1,314,395,000 | 1,362,246,000 | 1,417,356,000 | 1,455,550,000 |
| Allowance for loan losses | 8,552,000 | 8,642,000 | 9,030,000 | 9,022,000 |
| Securities available for sale | 117,079,000 | 118,395,000 | 123,003,000 | 120,326,000 |
| Securities held to maturity | 2,857,000 | 2,798,000 | 2,739,000 | 2,917,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,506,033,000 | 1,509,222,000 | 1,517,995,000 | 1,565,743,000 |
| Interest-bearing deposits | 1,361,651,000 | 1,353,164,000 | 1,352,072,000 | 1,396,430,000 |
| Noninterest-bearing deposits | 144,382,000 | 156,058,000 | 165,923,000 | 169,313,000 |
| Equity capital | 185,059,000 | 187,840,000 | 190,691,000 | 193,876,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 12,650,000 | 25,536,000 | 38,810,000 | 52,410,000 |
| Interest expense | 1,480,000 | 2,856,000 | 4,186,000 | 5,457,000 |
| Net interest income | 11,170,000 | 22,680,000 | 34,624,000 | 46,953,000 |
| Noninterest income | 6,371,000 | 13,454,000 | 21,823,000 | 30,098,000 |
| Noninterest expense | 13,819,000 | 28,124,000 | 43,080,000 | 58,445,000 |
| Provision for loan losses | 232,000 | 380,000 | 872,000 | 1,002,000 |
| Pretax income | 3,490,000 | 7,630,000 | 12,495,000 | 17,604,000 |
| Income tax | 1,359,000 | 2,960,000 | 4,799,000 | 6,779,000 |
| Net income | 2,131,000 | 4,670,000 | 7,696,000 | 10,825,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 185,507,000 | 188,046,000 | 191,072,000 | 194,201,000 |
| Total capital | 194,059,000 | 196,688,000 | 200,102,000 | 203,223,000 |
| Risk-weighted assets | 1,047,234,000 | 1,077,592,000 | 1,112,050,000 | 1,130,213,000 |