Call reports 2006
BANK OF OCEAN CITY — 2006
What BANK OF OCEAN CITY reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 134,624,000 | 136,989,000 | 134,808,000 | 125,277,000 |
| Total loans | 111,482,000 | 111,023,000 | 108,331,000 | 104,551,000 |
| Allowance for loan losses | 847,000 | 842,000 | 842,000 | 842,000 |
| Securities available for sale | 1,436,000 | 1,512,000 | 1,424,000 | 1,384,000 |
| Securities held to maturity | 7,848,000 | 7,847,000 | 7,846,000 | 7,846,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,067,000 | 118,177,000 | 115,523,000 | 105,474,000 |
| Interest-bearing deposits | 88,770,000 | 83,996,000 | 80,490,000 | 76,429,000 |
| Noninterest-bearing deposits | 27,297,000 | 34,181,000 | 35,033,000 | 29,045,000 |
| Equity capital | 17,652,000 | 18,126,000 | 18,648,000 | 18,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,992,000 | 4,103,000 | 6,336,000 | 8,474,000 |
| Interest expense | 522,000 | 1,099,000 | 1,706,000 | 2,282,000 |
| Net interest income | 1,470,000 | 3,004,000 | 4,630,000 | 6,192,000 |
| Noninterest income | 174,000 | 390,000 | 619,000 | 836,000 |
| Noninterest expense | 952,000 | 1,801,000 | 2,737,000 | 3,859,000 |
| Provision for loan losses | 0 | 0 | 0 | 25,000 |
| Pretax income | 692,000 | 1,593,000 | 2,512,000 | 3,144,000 |
| Income tax | 254,000 | 594,000 | 936,000 | 1,186,000 |
| Net income | 438,000 | 999,000 | 1,576,000 | 1,958,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,771,000 | 17,198,000 | 17,775,000 | 17,833,000 |
| Total capital | 18,264,000 | 18,720,000 | 19,257,000 | 19,297,000 |
| Risk-weighted assets | 112,890,000 | 113,173,000 | 111,265,000 | 106,880,000 |
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