Call reports 2016
SHERWOOD STATE BANK, THE — 2016
What SHERWOOD STATE BANK, THE 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 | 57,798,000 | 60,152,000 | 61,351,000 | 62,878,000 |
| Total loans | 36,461,000 | 36,123,000 | 37,154,000 | 38,284,000 |
| Allowance for loan losses | 350,000 | 382,000 | 405,000 | 369,000 |
| Securities available for sale | 14,279,000 | 15,297,000 | 16,135,000 | 15,644,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,182,000 | 51,700,000 | 52,883,000 | 54,693,000 |
| Interest-bearing deposits | 42,087,000 | 43,511,000 | 45,245,000 | 45,967,000 |
| Noninterest-bearing deposits | 8,095,000 | 8,189,000 | 7,638,000 | 8,726,000 |
| Equity capital | 6,374,000 | 7,188,000 | 7,236,000 | 7,025,000 |
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 | 715,000 | 1,362,000 | 2,034,000 | 2,693,000 |
| Interest expense | 57,000 | 118,000 | 183,000 | 248,000 |
| Net interest income | 658,000 | 1,244,000 | 1,851,000 | 2,445,000 |
| Noninterest income | 81,000 | 158,000 | 301,000 | 397,000 |
| Noninterest expense | 600,000 | 1,219,000 | 1,846,000 | 2,475,000 |
| Provision for loan losses | 35,000 | 97,000 | 130,000 | 152,000 |
| Pretax income | 104,000 | 86,000 | 176,000 | 221,000 |
| Income tax | 12,000 | -8,000 | 2,000 | -15,000 |
| Net income | 92,000 | 94,000 | 174,000 | 236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,230,000 | 6,964,000 | 7,017,000 | 7,145,000 |
| Total capital | 6,580,000 | 7,346,000 | 7,422,000 | 7,514,000 |
| Risk-weighted assets | 34,783,000 | 34,311,000 | 35,917,000 | 38,821,000 |