Call reports 2014
OCEAN BANK — 2014
What OCEAN 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 | 3,265,400,000 | 3,273,128,000 | 3,256,573,000 | 3,217,738,000 |
| Total loans | 2,197,330,000 | 2,248,276,000 | 2,207,187,000 | 2,268,468,000 |
| Allowance for loan losses | 31,571,000 | 31,613,000 | 32,851,000 | 34,071,000 |
| Securities available for sale | 574,202,000 | 564,948,000 | 610,211,000 | 611,989,000 |
| Securities held to maturity | 39,248,000 | 38,442,000 | 37,452,000 | 40,167,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,857,079,000 | 2,860,951,000 | 2,839,762,000 | 2,789,824,000 |
| Interest-bearing deposits | 2,776,490,000 | 2,772,821,000 | 2,745,310,000 | 2,705,126,000 |
| Noninterest-bearing deposits | 80,589,000 | 88,130,000 | 94,452,000 | 84,698,000 |
| Equity capital | 382,816,000 | 392,185,000 | 395,888,000 | 398,230,000 |
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 | 30,405,000 | 61,414,000 | 92,246,000 | 123,015,000 |
| Interest expense | 2,840,000 | 5,597,000 | 8,307,000 | 10,898,000 |
| Net interest income | 27,565,000 | 55,817,000 | 83,939,000 | 112,117,000 |
| Noninterest income | 7,988,000 | 13,306,000 | 19,017,000 | 26,678,000 |
| Noninterest expense | 24,206,000 | 47,987,000 | 72,452,000 | 100,438,000 |
| Provision for loan losses | 0 | 72,000 | 72,000 | 72,000 |
| Pretax income | 11,364,000 | 21,081,000 | 30,395,000 | 38,076,000 |
| Income tax | 3,616,000 | 7,178,000 | 10,576,000 | 9,029,000 |
| Net income | 7,748,000 | 13,805,000 | 19,721,000 | 28,782,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 272,585,000 | 284,347,000 | 293,234,000 | 292,584,000 |
| Total capital | 300,910,000 | 313,273,000 | 321,683,000 | 322,801,000 |
| Risk-weighted assets | 2,260,453,000 | 2,309,080,000 | 2,269,191,000 | 2,411,192,000 |