Call reports 2014
ESSEX BANK — 2014
What ESSEX 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 | 329,374,000 | 329,662,000 | 324,100,000 | 330,118,000 |
| Total loans | 234,563,000 | 243,038,000 | 247,379,000 | 246,319,000 |
| Allowance for loan losses | 1,964,000 | 1,964,000 | 1,964,000 | 2,110,000 |
| Securities available for sale | 1,230,000 | 1,270,000 | 1,265,000 | 1,007,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 20,000 | 20,000 | 20,000 | 0 |
| Total deposits | 280,686,000 | 280,779,000 | 274,785,000 | 280,931,000 |
| Interest-bearing deposits | 212,439,000 | 216,590,000 | 208,957,000 | 211,609,000 |
| Noninterest-bearing deposits | 68,247,000 | 64,189,000 | 65,828,000 | 69,322,000 |
| Equity capital | 40,647,000 | 40,833,000 | 40,940,000 | 41,165,000 |
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 | 2,749,000 | 5,501,000 | 8,405,000 | 11,268,000 |
| Interest expense | 376,000 | 738,000 | 1,076,000 | 1,403,000 |
| Net interest income | 2,373,000 | 4,763,000 | 7,329,000 | 9,865,000 |
| Noninterest income | 4,758,000 | 9,764,000 | 14,922,000 | 19,914,000 |
| Noninterest expense | 6,772,000 | 13,766,000 | 21,285,000 | 28,293,000 |
| Provision for loan losses | 30,000 | 30,000 | 30,000 | 30,000 |
| Pretax income | 329,000 | 731,000 | 936,000 | 1,456,000 |
| Income tax | 90,000 | 314,000 | 410,000 | 642,000 |
| Net income | 239,000 | 417,000 | 526,000 | 814,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,513,000 | 28,691,000 | 28,800,000 | 29,088,000 |
| Total capital | 30,477,000 | 30,655,000 | 30,764,000 | 31,198,000 |
| Risk-weighted assets | 174,590,000 | 183,764,000 | 187,126,000 | 186,673,000 |
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