Call reports 2014
BANK OF OCEAN CITY — 2014
What BANK OF OCEAN CITY 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 | 219,360,000 | 240,954,000 | 256,344,000 | 244,954,000 |
| Total loans | 138,548,000 | 142,295,000 | 139,163,000 | 142,137,000 |
| Allowance for loan losses | 1,375,000 | 1,432,000 | 1,440,000 | 1,438,000 |
| Securities available for sale | 1,139,000 | 1,225,000 | 1,215,000 | 1,226,000 |
| Securities held to maturity | 45,120,000 | 39,118,000 | 46,118,000 | 51,117,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,258,000 | 213,642,000 | 228,377,000 | 216,551,000 |
| Interest-bearing deposits | 142,508,000 | 149,854,000 | 155,887,000 | 155,573,000 |
| Noninterest-bearing deposits | 49,750,000 | 63,788,000 | 72,490,000 | 60,978,000 |
| Equity capital | 25,690,000 | 26,117,000 | 26,706,000 | 26,731,000 |
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 | 2,121,000 | 4,289,000 | 6,437,000 | 8,608,000 |
| Interest expense | 161,000 | 324,000 | 506,000 | 697,000 |
| Net interest income | 1,960,000 | 3,965,000 | 5,931,000 | 7,911,000 |
| Noninterest income | 186,000 | 392,000 | 655,000 | 851,000 |
| Noninterest expense | 1,279,000 | 2,596,000 | 3,876,000 | 5,332,000 |
| Provision for loan losses | 18,000 | 76,000 | 78,000 | 79,000 |
| Pretax income | 849,000 | 1,685,000 | 2,632,000 | 3,351,000 |
| Income tax | 314,000 | 631,000 | 983,000 | 1,246,000 |
| Net income | 535,000 | 1,054,000 | 1,649,000 | 2,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,001,000 | 25,376,000 | 25,971,000 | 25,989,000 |
| Total capital | 26,888,000 | 27,359,000 | 27,957,000 | 27,978,000 |
| Risk-weighted assets | 138,355,000 | 141,645,000 | 140,390,000 | 145,004,000 |