Call reports 2015
42 NORTH PRIVATE BANK — 2015
What 42 NORTH PRIVATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 450,504,000 | 460,878,000 | 440,412,000 | 444,244,000 |
| Total loans | 365,722,000 | 375,272,000 | 318,751,000 | 326,663,000 |
| Allowance for loan losses | 2,397,000 | 2,432,000 | 2,208,000 | 2,205,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 391,171,000 | 402,114,000 | 380,124,000 | 383,394,000 |
| Interest-bearing deposits | 388,203,000 | 397,070,000 | 377,191,000 | 379,976,000 |
| Noninterest-bearing deposits | 2,968,000 | 5,044,000 | 2,933,000 | 3,418,000 |
| Equity capital | 53,332,000 | 52,630,000 | 53,500,000 | 53,850,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 7,230,000 | 15,319,000 | 23,959,000 | 30,810,000 |
| Interest expense | 1,092,000 | 2,249,000 | 3,398,000 | 4,508,000 |
| Net interest income | 6,138,000 | 13,070,000 | 20,561,000 | 26,302,000 |
| Noninterest income | 92,000 | 1,487,000 | 4,507,000 | 8,973,000 |
| Noninterest expense | 8,225,000 | 17,017,000 | 26,078,000 | 35,016,000 |
| Provision for loan losses | 579,000 | 1,211,000 | 1,237,000 | 1,736,000 |
| Pretax income | -2,556,000 | -3,653,000 | -2,229,000 | -1,459,000 |
| Income tax | -975,000 | -1,370,000 | -816,000 | -396,000 |
| Net income | -1,581,000 | -2,283,000 | -1,413,000 | -1,063,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,449,000 | 51,647,000 | 52,555,000 | 52,848,000 |
| Total capital | 55,122,000 | 54,380,000 | 55,150,000 | 55,422,000 |
| Risk-weighted assets | 369,152,000 | 383,789,000 | 334,513,000 | 336,152,000 |