Call reports 2018
FINWISE BANK — 2018
What FINWISE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 80,257,000 | 91,813,000 | 101,706,000 | 116,270,000 |
| Total loans | 61,813,000 | 65,784,000 | 76,693,000 | 87,677,000 |
| Allowance for loan losses | 973,000 | 998,000 | 1,206,000 | 1,735,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 500,000 | 500,000 | 602,000 | 570,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,698,000 | 75,727,000 | 82,642,000 | 95,464,000 |
| Interest-bearing deposits | 46,636,000 | 54,107,000 | 60,938,000 | 64,776,000 |
| Noninterest-bearing deposits | 20,062,000 | 21,620,000 | 21,704,000 | 30,688,000 |
| Equity capital | 12,923,000 | 15,221,000 | 17,593,000 | 19,099,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,279,000 | 2,932,000 | 5,074,000 | 8,147,000 |
| Interest expense | 127,000 | 300,000 | 543,000 | 845,000 |
| Net interest income | 1,152,000 | 2,632,000 | 4,531,000 | 7,302,000 |
| Noninterest income | 1,611,000 | 3,369,000 | 5,894,000 | 8,581,000 |
| Noninterest expense | 1,785,000 | 3,814,000 | 6,128,000 | 9,034,000 |
| Provision for loan losses | 60,000 | 90,000 | 445,000 | 980,000 |
| Pretax income | 918,000 | 2,097,000 | 3,852,000 | 5,869,000 |
| Income tax | 226,000 | 516,000 | 950,000 | 1,460,000 |
| Net income | 692,000 | 1,581,000 | 2,902,000 | 4,409,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,813,000 | 14,013,000 | 16,201,000 | 17,468,000 |
| Total capital | 12,600,000 | 14,833,000 | 17,156,000 | 18,602,000 |
| Risk-weighted assets | 62,845,000 | 65,467,000 | 76,228,000 | 90,189,000 |