Call reports 2016
SOLUTIONS NORTH BANK — 2016
What SOLUTIONS NORTH 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 | 62,760,000 | 61,847,000 | 229,666,000 | 224,396,000 |
| Total loans | 29,292,000 | 31,270,000 | 163,390,000 | 158,468,000 |
| Allowance for loan losses | 590,000 | 605,000 | 2,829,000 | 2,977,000 |
| Securities available for sale | 24,527,000 | 24,223,000 | 43,076,000 | 42,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,179,000 | 55,019,000 | 177,394,000 | 182,325,000 |
| Interest-bearing deposits | 47,262,000 | 46,625,000 | 149,467,000 | 145,692,000 |
| Noninterest-bearing deposits | 8,917,000 | 8,394,000 | 27,927,000 | 36,633,000 |
| Equity capital | 6,487,000 | 6,734,000 | 25,128,000 | 24,455,000 |
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 | 478,000 | 971,000 | 6,506,000 | 8,722,000 |
| Interest expense | 15,000 | 32,000 | 468,000 | 654,000 |
| Net interest income | 463,000 | 939,000 | 6,038,000 | 8,068,000 |
| Noninterest income | 22,000 | 40,000 | 694,000 | 769,000 |
| Noninterest expense | 242,000 | 486,000 | 4,521,000 | 6,081,000 |
| Provision for loan losses | 15,000 | 30,000 | 239,000 | 331,000 |
| Pretax income | 228,000 | 467,000 | 1,972,000 | 2,537,000 |
| Income tax | 11,000 | 23,000 | 137,000 | 179,000 |
| Net income | 217,000 | 444,000 | 1,835,000 | 2,358,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,258,000 | 6,335,000 | 23,993,000 | 24,044,000 |
| Total capital | 6,691,000 | 6,808,000 | 26,398,000 | 26,217,000 |
| Risk-weighted assets | 34,526,000 | 37,739,000 | 191,993,000 | 173,104,000 |