Call reports 2011
BANK OF OCEAN CITY — 2011
What BANK OF OCEAN CITY reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 154,505,000 | 174,192,000 | 187,856,000 | 184,116,000 |
| Total loans | 119,839,000 | 118,745,000 | 115,955,000 | 117,875,000 |
| Allowance for loan losses | 1,405,000 | 1,219,000 | 1,383,000 | 1,390,000 |
| Securities available for sale | 764,000 | 764,000 | 595,000 | 628,000 |
| Securities held to maturity | 15,820,000 | 17,820,000 | 17,719,000 | 26,644,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,473,000 | 151,866,000 | 165,072,000 | 160,940,000 |
| Interest-bearing deposits | 99,951,000 | 109,394,000 | 117,542,000 | 117,429,000 |
| Noninterest-bearing deposits | 32,522,000 | 42,472,000 | 47,530,000 | 43,511,000 |
| Equity capital | 21,267,000 | 21,515,000 | 21,841,000 | 21,816,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,950,000 | 3,941,000 | 5,943,000 | 7,902,000 |
| Interest expense | 261,000 | 530,000 | 820,000 | 1,097,000 |
| Net interest income | 1,689,000 | 3,411,000 | 5,123,000 | 6,805,000 |
| Noninterest income | 257,000 | 475,000 | 681,000 | 850,000 |
| Noninterest expense | 1,410,000 | 2,712,000 | 3,933,000 | 5,286,000 |
| Provision for loan losses | 2,000 | 3,000 | 3,000 | 6,000 |
| Pretax income | 534,000 | 1,171,000 | 1,868,000 | 2,363,000 |
| Income tax | 208,000 | 452,000 | 721,000 | 898,000 |
| Net income | 326,000 | 719,000 | 1,147,000 | 1,465,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,805,000 | 21,053,000 | 21,482,000 | 21,437,000 |
| Total capital | 22,553,000 | 22,615,000 | 23,132,000 | 23,109,000 |
| Risk-weighted assets | 114,332,000 | 117,794,000 | 118,564,000 | 119,379,000 |