Call reports 2016
BANK OF OCEAN CITY — 2016
What BANK OF OCEAN CITY 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 | 286,921,000 | 305,511,000 | 328,890,000 | 300,834,000 |
| Total loans | 163,018,000 | 171,917,000 | 171,388,000 | 177,293,000 |
| Allowance for loan losses | 1,368,000 | 1,382,000 | 1,394,000 | 1,456,000 |
| Securities available for sale | 1,032,000 | 949,000 | 1,063,000 | 1,293,000 |
| Securities held to maturity | 67,554,000 | 61,551,000 | 71,552,000 | 79,084,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 257,026,000 | 275,364,000 | 297,949,000 | 268,979,000 |
| Interest-bearing deposits | 179,742,000 | 181,586,000 | 189,348,000 | 179,303,000 |
| Noninterest-bearing deposits | 77,284,000 | 93,778,000 | 108,601,000 | 89,676,000 |
| Equity capital | 28,622,000 | 29,130,000 | 29,939,000 | 30,220,000 |
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 | 2,406,000 | 4,897,000 | 7,425,000 | 10,005,000 |
| Interest expense | 219,000 | 439,000 | 675,000 | 908,000 |
| Net interest income | 2,187,000 | 4,458,000 | 6,750,000 | 9,097,000 |
| Noninterest income | 172,000 | 350,000 | 625,000 | 816,000 |
| Noninterest expense | 1,393,000 | 2,739,000 | 4,120,000 | 5,795,000 |
| Provision for loan losses | 9,000 | 9,000 | 12,000 | 60,000 |
| Pretax income | 957,000 | 2,060,000 | 3,243,000 | 4,058,000 |
| Income tax | 348,000 | 751,000 | 1,193,000 | 1,467,000 |
| Net income | 609,000 | 1,309,000 | 2,050,000 | 2,591,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,999,000 | 28,557,000 | 29,297,000 | 29,439,000 |
| Total capital | 29,831,000 | 30,366,000 | 31,169,000 | 31,476,000 |
| Risk-weighted assets | 176,223,000 | 184,109,000 | 191,081,000 | 192,051,000 |