Call reports 2016
ABACUS FEDERAL SAVINGS BANK — 2016
What ABACUS FEDERAL SAVINGS 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 | 236,075,000 | 246,050,000 | 255,700,000 | 253,290,000 |
| Total loans | 182,028,000 | 188,412,000 | 195,893,000 | 197,241,000 |
| Allowance for loan losses | 1,885,000 | 1,885,000 | 1,980,000 | 2,055,000 |
| Securities available for sale | 16,732,000 | 5,926,000 | 3,910,000 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 193,093,000 | 202,734,000 | 212,132,000 | 208,491,000 |
| Interest-bearing deposits | 138,099,000 | 142,857,000 | 150,142,000 | 140,176,000 |
| Noninterest-bearing deposits | 54,994,000 | 59,877,000 | 61,990,000 | 68,315,000 |
| Equity capital | 41,622,000 | 41,975,000 | 42,178,000 | 42,633,000 |
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 | 2,011,000 | 4,085,000 | 6,091,000 | 8,290,000 |
| Interest expense | 148,000 | 280,000 | 485,000 | 692,000 |
| Net interest income | 1,863,000 | 3,805,000 | 5,606,000 | 7,598,000 |
| Noninterest income | 304,000 | 739,000 | 1,605,000 | 2,629,000 |
| Noninterest expense | 2,437,000 | 4,468,000 | 6,587,000 | 8,483,000 |
| Provision for loan losses | 0 | 0 | 95,000 | 170,000 |
| Pretax income | -270,000 | 76,000 | 529,000 | 1,574,000 |
| Income tax | -116,000 | -116,000 | 132,000 | 703,000 |
| Net income | -154,000 | 192,000 | 397,000 | 871,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,439,000 | 40,786,000 | 41,847,000 | 37,711,000 |
| Total capital | 42,220,000 | 42,619,000 | 43,713,000 | 39,645,000 |
| Risk-weighted assets | 141,916,000 | 146,129,000 | 149,010,000 | 149,728,000 |