Call reports 2014
CHELSEA BANK — 2014
What CHELSEA BANK 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 | 56,214,000 | 58,022,000 | 58,605,000 | 56,521,000 |
| Total loans | 36,901,000 | 37,601,000 | 39,209,000 | 40,547,000 |
| Allowance for loan losses | 375,000 | 375,000 | 375,000 | 375,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 7,822,000 | 7,821,000 | 7,820,000 | 7,669,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,088,000 | 51,849,000 | 52,289,000 | 50,058,000 |
| Interest-bearing deposits | 40,790,000 | 40,481,000 | 40,519,000 | 40,291,000 |
| Noninterest-bearing deposits | 9,298,000 | 11,368,000 | 11,770,000 | 9,767,000 |
| Equity capital | 5,553,000 | 5,579,000 | 5,633,000 | 5,389,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 448,000 | 927,000 | 1,455,000 | 1,882,000 |
| Interest expense | 61,000 | 121,000 | 182,000 | 234,000 |
| Net interest income | 387,000 | 806,000 | 1,273,000 | 1,648,000 |
| Noninterest income | 132,000 | 259,000 | 434,000 | 566,000 |
| Noninterest expense | 543,000 | 1,064,000 | 1,624,000 | 2,549,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -24,000 | 1,000 | 83,000 | -335,000 |
| Income tax | -14,000 | -15,000 | 13,000 | -161,000 |
| Net income | -10,000 | 16,000 | 70,000 | -174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,513,000 | 5,542,000 | 5,596,000 | 5,353,000 |
| Total capital | 5,888,000 | 5,917,000 | 5,971,000 | 5,728,000 |
| Risk-weighted assets | 30,892,000 | 31,536,000 | 31,278,000 | 32,231,000 |
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