Call reports 2017
FINWISE BANK — 2017
What FINWISE 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 | 56,036,000 | 55,929,000 | 63,221,000 | 65,072,000 |
| Total loans | 41,243,000 | 43,020,000 | 48,643,000 | 53,910,000 |
| Allowance for loan losses | 713,000 | 755,000 | 834,000 | 918,000 |
| 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 | 48,441,000 | 47,075,000 | 52,061,000 | 53,610,000 |
| Interest-bearing deposits | 38,309,000 | 36,876,000 | 36,238,000 | 38,006,000 |
| Noninterest-bearing deposits | 10,132,000 | 10,199,000 | 15,823,000 | 15,604,000 |
| Equity capital | 7,192,000 | 8,296,000 | 10,297,000 | 10,980,000 |
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 | 715,000 | 1,543,000 | 2,512,000 | 3,613,000 |
| Interest expense | 74,000 | 159,000 | 246,000 | 349,000 |
| Net interest income | 641,000 | 1,384,000 | 2,266,000 | 3,264,000 |
| Noninterest income | 1,166,000 | 2,482,000 | 3,872,000 | 5,110,000 |
| Noninterest expense | 1,096,000 | 2,347,000 | 3,472,000 | 4,660,000 |
| Provision for loan losses | 0 | 50,000 | 125,000 | 205,000 |
| Pretax income | 711,000 | 1,469,000 | 2,541,000 | 3,509,000 |
| Income tax | 257,000 | 556,000 | 964,000 | 1,326,000 |
| Net income | 454,000 | 913,000 | 1,577,000 | 2,183,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,689,000 | 7,634,000 | 9,475,000 | 10,138,000 |
| Total capital | 7,190,000 | 8,159,000 | 10,058,000 | 10,790,000 |
| Risk-weighted assets | 39,873,000 | 41,746,000 | 46,341,000 | 51,952,000 |