Call reports 2016
BERKSHIRE BANK, THE — 2016
What BERKSHIRE 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 | 721,166,000 | 727,355,000 | 710,132,000 | 685,434,000 |
| Total loans | 338,558,000 | 354,946,000 | 339,059,000 | 339,388,000 |
| Allowance for loan losses | 8,124,000 | 8,672,000 | 8,382,000 | 8,382,000 |
| Securities available for sale | 249,131,000 | 231,889,000 | 220,651,000 | 224,720,000 |
| Securities held to maturity | 200,000 | 194,000 | 10,000 | 10,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 578,867,000 | 583,821,000 | 563,767,000 | 570,777,000 |
| Interest-bearing deposits | 484,089,000 | 471,995,000 | 457,554,000 | 464,946,000 |
| Noninterest-bearing deposits | 94,779,000 | 111,827,000 | 106,213,000 | 105,831,000 |
| Equity capital | 106,935,000 | 108,355,000 | 111,299,000 | 110,244,000 |
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 | 6,088,000 | 12,103,000 | 18,822,000 | 24,455,000 |
| Interest expense | 923,000 | 1,873,000 | 2,803,000 | 3,662,000 |
| Net interest income | 5,165,000 | 10,230,000 | 16,019,000 | 20,793,000 |
| Noninterest income | 116,000 | 202,000 | 296,000 | 419,000 |
| Noninterest expense | 3,992,000 | 7,872,000 | 11,830,000 | 15,362,000 |
| Provision for loan losses | 26,000 | 593,000 | 303,000 | 303,000 |
| Pretax income | 1,325,000 | 4,807,000 | 7,059,000 | 8,537,000 |
| Income tax | 608,000 | 2,213,000 | 3,237,000 | 3,892,000 |
| Net income | 717,000 | 2,594,000 | 3,822,000 | 4,645,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 100,196,000 | 102,244,000 | 103,737,000 | 104,468,000 |
| Total capital | 105,278,000 | 107,453,000 | 108,756,000 | 109,504,000 |
| Risk-weighted assets | 401,698,000 | 411,481,000 | 396,517,000 | 397,824,000 |