Call reports 2016
ESSEX BANK — 2016
What ESSEX BANK 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 | 1,159,797,000 | 1,189,208,000 | 1,204,065,000 | 1,249,631,000 |
| Total loans | 823,219,000 | 841,545,000 | 865,260,000 | 888,263,000 |
| Allowance for loan losses | 10,078,000 | 9,918,000 | 9,964,000 | 9,693,000 |
| Securities available for sale | 206,604,000 | 203,841,000 | 193,895,000 | 216,121,000 |
| Securities held to maturity | 44,298,000 | 49,192,000 | 45,616,000 | 46,608,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 937,236,000 | 959,133,000 | 968,402,000 | 1,039,775,000 |
| Interest-bearing deposits | 829,886,000 | 841,337,000 | 837,995,000 | 908,407,000 |
| Noninterest-bearing deposits | 107,350,000 | 117,796,000 | 130,407,000 | 131,368,000 |
| Equity capital | 114,493,000 | 117,760,000 | 120,142,000 | 117,389,000 |
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 | 12,037,000 | 24,171,000 | 36,579,000 | 49,295,000 |
| Interest expense | 1,826,000 | 3,629,000 | 5,442,000 | 7,455,000 |
| Net interest income | 10,211,000 | 20,542,000 | 31,137,000 | 41,840,000 |
| Noninterest income | 1,233,000 | 2,468,000 | 3,838,000 | 4,762,000 |
| Noninterest expense | 8,112,000 | 16,357,000 | 24,667,000 | 32,635,000 |
| Provision for loan losses | 0 | 200,000 | 450,000 | 166,000 |
| Pretax income | 3,591,000 | 6,973,000 | 10,465,000 | 14,435,000 |
| Income tax | 1,045,000 | 1,988,000 | 2,907,000 | 4,048,000 |
| Net income | 2,546,000 | 4,985,000 | 7,558,000 | 10,387,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 112,348,000 | 114,976,000 | 117,737,000 | 118,256,000 |
| Total capital | 122,083,000 | 124,551,000 | 127,358,000 | 127,606,000 |
| Risk-weighted assets | 902,204,000 | 926,310,000 | 952,689,000 | 979,430,000 |