Call reports 2016
CROSS RIVER BANK — 2016
What CROSS RIVER 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 | 411,957,000 | 467,310,000 | 543,295,000 | 561,381,000 |
| Total loans | 343,398,000 | 361,550,000 | 416,422,000 | 424,470,000 |
| Allowance for loan losses | 4,250,000 | 4,525,000 | 5,180,000 | 5,700,000 |
| Securities available for sale | 13,624,000 | 12,393,000 | 10,800,000 | 9,406,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 321,158,000 | 346,470,000 | 418,669,000 | 408,366,000 |
| Interest-bearing deposits | 193,495,000 | 186,002,000 | 218,192,000 | 224,676,000 |
| Noninterest-bearing deposits | 127,663,000 | 160,468,000 | 200,477,000 | 183,690,000 |
| Equity capital | 47,101,000 | 50,611,000 | 57,517,000 | 81,841,000 |
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 | 6,489,000 | 14,256,000 | 22,457,000 | 32,629,000 |
| Interest expense | 589,000 | 1,174,000 | 1,791,000 | 2,544,000 |
| Net interest income | 5,900,000 | 13,082,000 | 20,666,000 | 30,085,000 |
| Noninterest income | 4,114,000 | 8,371,000 | 12,276,000 | 17,255,000 |
| Noninterest expense | 4,900,000 | 10,114,000 | 15,337,000 | 21,146,000 |
| Provision for loan losses | 770,000 | 1,333,000 | 2,643,000 | 4,349,000 |
| Pretax income | 4,344,000 | 10,006,000 | 14,962,000 | 21,629,000 |
| Income tax | 1,630,000 | 3,817,000 | 5,656,000 | 8,106,000 |
| Net income | 2,714,000 | 6,189,000 | 9,306,000 | 13,523,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,044,000 | 50,624,000 | 57,569,000 | 81,846,000 |
| Total capital | 51,068,000 | 55,173,000 | 62,764,000 | 87,358,000 |
| Risk-weighted assets | 321,571,000 | 364,366,000 | 418,530,000 | 440,707,000 |