Call reports 2014
ERICSON STATE BANK — 2014
What ERICSON STATE 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 | 66,360,000 | 70,486,000 | 70,726,000 | 75,479,000 |
| Total loans | 50,273,000 | 54,107,000 | 53,127,000 | 57,800,000 |
| Allowance for loan losses | 494,000 | 511,000 | 541,000 | 555,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 12,547,000 | 13,705,000 | 14,475,000 | 14,579,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,282,000 | 60,097,000 | 60,528,000 | 61,163,000 |
| Interest-bearing deposits | 51,004,000 | 53,634,000 | 54,292,000 | 54,302,000 |
| Noninterest-bearing deposits | 6,278,000 | 6,463,000 | 6,236,000 | 6,861,000 |
| Equity capital | 5,761,000 | 5,979,000 | 6,149,000 | 6,176,000 |
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 | 865,000 | 1,754,000 | 2,662,000 | 3,572,000 |
| Interest expense | 130,000 | 265,000 | 403,000 | 546,000 |
| Net interest income | 735,000 | 1,489,000 | 2,259,000 | 3,026,000 |
| Noninterest income | 36,000 | 51,000 | 72,000 | 90,000 |
| Noninterest expense | 325,000 | 661,000 | 1,022,000 | 1,484,000 |
| Provision for loan losses | 90,000 | 165,000 | 235,000 | 355,000 |
| Pretax income | 356,000 | 714,000 | 1,074,000 | 1,277,000 |
| Income tax | 90,000 | 180,000 | 270,000 | 446,000 |
| Net income | 266,000 | 534,000 | 804,000 | 831,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,761,000 | 5,979,000 | 6,149,000 | 6,176,000 |
| Total capital | 6,255,000 | 6,490,000 | 6,690,000 | 6,731,000 |
| Risk-weighted assets | 47,869,000 | 52,575,000 | 52,171,000 | 56,773,000 |