Call reports 2016
FINWISE BANK — 2016
What FINWISE 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 | 38,299,000 | 42,778,000 | 47,301,000 | 47,207,000 |
| Total loans | 29,428,000 | 34,450,000 | 40,317,000 | 39,547,000 |
| Allowance for loan losses | 578,000 | 735,000 | 736,000 | 663,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,671,000 | 36,761,000 | 40,886,000 | 40,521,000 |
| Interest-bearing deposits | 24,904,000 | 27,106,000 | 31,405,000 | 29,547,000 |
| Noninterest-bearing deposits | 7,767,000 | 9,655,000 | 9,481,000 | 10,974,000 |
| Equity capital | 5,588,000 | 5,795,000 | 5,954,000 | 6,548,000 |
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 | 510,000 | 1,040,000 | 1,700,000 | 2,407,000 |
| Interest expense | 51,000 | 106,000 | 169,000 | 235,000 |
| Net interest income | 459,000 | 934,000 | 1,531,000 | 2,172,000 |
| Noninterest income | 240,000 | 1,020,000 | 1,484,000 | 2,427,000 |
| Noninterest expense | 569,000 | 1,475,000 | 2,288,000 | 3,245,000 |
| Provision for loan losses | 0 | 33,000 | 33,000 | 33,000 |
| Pretax income | 130,000 | 446,000 | 694,000 | 1,321,000 |
| Income tax | 45,000 | 154,000 | 243,000 | 426,000 |
| Net income | 85,000 | 292,000 | 451,000 | 895,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,005,000 | 5,169,000 | 5,404,000 | 6,117,000 |
| Total capital | 5,369,000 | 5,591,000 | 5,854,000 | 6,590,000 |
| Risk-weighted assets | 28,669,000 | 33,217,000 | 35,544,000 | 37,599,000 |