Call reports 2017
ATLANTIC COAST BANK — 2017
What ATLANTIC COAST BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 924,683,000 | 913,418,000 | 922,834,000 | 984,404,000 |
| Total loans | 750,092,000 | 796,466,000 | 798,951,000 | 851,416,000 |
| Allowance for loan losses | 8,272,000 | 8,220,000 | 8,405,000 | 8,600,000 |
| Securities available for sale | 101,069,000 | 40,632,000 | 39,112,000 | 37,683,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 688,494,000 | 690,119,000 | 678,897,000 | 677,884,000 |
| Interest-bearing deposits | 617,912,000 | 617,126,000 | 606,388,000 | 611,951,000 |
| Noninterest-bearing deposits | 70,582,000 | 72,993,000 | 72,509,000 | 65,933,000 |
| Equity capital | 87,745,000 | 89,219,000 | 90,258,000 | 90,088,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 7,889,000 | 16,308,000 | 25,019,000 | 34,372,000 |
| Interest expense | 1,516,000 | 3,286,000 | 5,245,000 | 7,377,000 |
| Net interest income | 6,373,000 | 13,022,000 | 19,774,000 | 26,995,000 |
| Noninterest income | 2,476,000 | 3,775,000 | 5,010,000 | 6,276,000 |
| Noninterest expense | 6,353,000 | 12,507,000 | 18,600,000 | 24,407,000 |
| Provision for loan losses | 100,000 | 291,000 | 458,000 | 693,000 |
| Pretax income | 2,396,000 | 4,399,000 | 6,126,000 | 8,571,000 |
| Income tax | 850,000 | 1,585,000 | 2,166,000 | 4,624,000 |
| Net income | 1,546,000 | 2,814,000 | 3,960,000 | 3,947,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,446,000 | 87,844,000 | 89,003,000 | 89,746,000 |
| Total capital | 94,718,000 | 96,064,000 | 97,408,000 | 98,346,000 |
| Risk-weighted assets | 688,436,000 | 742,495,000 | 750,037,000 | 785,096,000 |