Call reports 2016
42 NORTH PRIVATE BANK — 2016
What 42 NORTH PRIVATE 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 | 438,937,000 | 445,570,000 | 482,018,000 | 392,980,000 |
| Total loans | 364,012,000 | 336,859,000 | 328,639,000 | 314,802,000 |
| Allowance for loan losses | 2,931,000 | 2,829,000 | 2,977,000 | 1,830,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 380,009,000 | 369,344,000 | 425,614,000 | 339,634,000 |
| Interest-bearing deposits | 376,316,000 | 366,342,000 | 422,694,000 | 338,073,000 |
| Noninterest-bearing deposits | 3,693,000 | 3,002,000 | 2,920,000 | 1,561,000 |
| Equity capital | 52,466,000 | 52,078,000 | 50,499,000 | 48,107,000 |
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 | 5,557,000 | 11,560,000 | 17,076,000 | 23,702,000 |
| Interest expense | 1,057,000 | 2,137,000 | 3,258,000 | 4,358,000 |
| Net interest income | 4,500,000 | 9,423,000 | 13,818,000 | 19,344,000 |
| Noninterest income | 2,373,000 | 4,165,000 | 4,604,000 | 5,172,000 |
| Noninterest expense | 8,382,000 | 15,749,000 | 23,031,000 | 30,462,000 |
| Provision for loan losses | 875,000 | 878,000 | 1,150,000 | 500,000 |
| Pretax income | -2,384,000 | -3,039,000 | -5,759,000 | -6,446,000 |
| Income tax | -1,000,000 | -1,267,000 | -2,408,000 | -703,000 |
| Net income | -1,384,000 | -1,772,000 | -3,351,000 | -5,743,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,176,000 | 50,237,000 | 48,403,000 | 45,585,000 |
| Total capital | 54,365,000 | 53,368,000 | 51,744,000 | 47,613,000 |
| Risk-weighted assets | 375,744,000 | 354,395,000 | 343,771,000 | 325,926,000 |