Call reports 2014
FINWISE BANK — 2014
What FINWISE 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 | 29,107,000 | 31,821,000 | 31,438,000 | 31,096,000 |
| Total loans | 21,381,000 | 22,039,000 | 22,272,000 | 22,858,000 |
| Allowance for loan losses | 427,000 | 428,000 | 425,000 | 420,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,100,000 | 1,100,000 | 1,100,000 | 1,100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,557,000 | 27,233,000 | 26,832,000 | 26,301,000 |
| Interest-bearing deposits | 18,127,000 | 21,443,000 | 21,339,000 | 20,798,000 |
| Noninterest-bearing deposits | 6,430,000 | 5,790,000 | 5,493,000 | 5,503,000 |
| Equity capital | 4,533,000 | 4,567,000 | 4,580,000 | 4,786,000 |
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 | 387,000 | 797,000 | 1,192,000 | 1,630,000 |
| Interest expense | 30,000 | 64,000 | 99,000 | 132,000 |
| Net interest income | 357,000 | 733,000 | 1,093,000 | 1,498,000 |
| Noninterest income | 43,000 | 97,000 | 145,000 | 190,000 |
| Noninterest expense | 345,000 | 728,000 | 1,119,000 | 1,548,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 55,000 | 102,000 | 119,000 | 140,000 |
| Income tax | 17,000 | 31,000 | 35,000 | 50,000 |
| Net income | 38,000 | 71,000 | 84,000 | 90,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,705,000 | 3,776,000 | 3,825,000 | 4,127,000 |
| Total capital | 3,964,000 | 4,041,000 | 4,091,000 | 4,403,000 |
| Risk-weighted assets | 20,557,000 | 21,048,000 | 21,087,000 | 21,922,000 |