Call reports 2016
ESSEX BANK — 2016
What ESSEX BANK 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 | 366,639,000 | 368,290,000 | 373,872,000 | 376,923,000 |
| Total loans | 283,695,000 | 299,873,000 | 301,349,000 | 299,805,000 |
| Allowance for loan losses | 2,138,000 | 2,168,000 | 2,198,000 | 2,228,000 |
| Securities available for sale | 1,032,000 | 1,039,000 | 1,032,000 | 1,011,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,023,000 | 299,490,000 | 309,524,000 | 320,922,000 |
| Interest-bearing deposits | 230,685,000 | 217,585,000 | 223,854,000 | 230,593,000 |
| Noninterest-bearing deposits | 76,338,000 | 81,905,000 | 85,670,000 | 90,329,000 |
| Equity capital | 41,917,000 | 42,600,000 | 43,281,000 | 43,869,000 |
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 | 3,094,000 | 6,244,000 | 9,444,000 | 12,676,000 |
| Interest expense | 283,000 | 553,000 | 821,000 | 1,069,000 |
| Net interest income | 2,811,000 | 5,691,000 | 8,623,000 | 11,607,000 |
| Noninterest income | 4,965,000 | 10,211,000 | 15,401,000 | 20,526,000 |
| Noninterest expense | 7,376,000 | 14,387,000 | 21,376,000 | 28,510,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 370,000 | 1,455,000 | 2,558,000 | 3,503,000 |
| Income tax | 159,000 | 565,000 | 983,000 | 1,361,000 |
| Net income | 211,000 | 890,000 | 1,575,000 | 2,142,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,025,000 | 31,704,000 | 32,389,000 | 32,956,000 |
| Total capital | 33,163,000 | 33,872,000 | 34,587,000 | 35,184,000 |
| Risk-weighted assets | 219,799,000 | 232,367,000 | 233,720,000 | 230,998,000 |