Call reports 2010
BANK OF OCEAN CITY — 2010
What BANK OF OCEAN CITY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 149,548,000 | 157,821,000 | 167,351,000 | 157,357,000 |
| Total loans | 119,743,000 | 118,774,000 | 115,987,000 | 115,903,000 |
| Allowance for loan losses | 1,188,000 | 1,338,000 | 1,332,000 | 1,301,000 |
| Securities available for sale | 622,000 | 612,000 | 587,000 | 635,000 |
| Securities held to maturity | 11,093,000 | 12,426,000 | 16,425,000 | 15,821,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 128,356,000 | 136,409,000 | 145,526,000 | 135,351,000 |
| Interest-bearing deposits | 99,613,000 | 97,672,000 | 101,465,000 | 99,721,000 |
| Noninterest-bearing deposits | 28,743,000 | 38,737,000 | 44,061,000 | 35,630,000 |
| Equity capital | 20,384,000 | 20,706,000 | 21,146,000 | 20,862,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,005,000 | 4,060,000 | 6,061,000 | 7,997,000 |
| Interest expense | 288,000 | 590,000 | 889,000 | 1,165,000 |
| Net interest income | 1,717,000 | 3,470,000 | 5,172,000 | 6,832,000 |
| Noninterest income | 259,000 | 588,000 | 917,000 | 1,117,000 |
| Noninterest expense | 1,260,000 | 2,594,000 | 3,880,000 | 5,472,000 |
| Provision for loan losses | 95,000 | 83,000 | 83,000 | 275,000 |
| Pretax income | 621,000 | 1,381,000 | 2,126,000 | 2,202,000 |
| Income tax | 243,000 | 531,000 | 821,000 | 854,000 |
| Net income | 378,000 | 850,000 | 1,305,000 | 1,348,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,008,000 | 20,336,000 | 20,791,000 | 20,478,000 |
| Total capital | 21,475,000 | 21,949,000 | 22,387,000 | 22,064,000 |
| Risk-weighted assets | 115,855,000 | 115,567,000 | 115,738,000 | 113,429,000 |