Call reports 2014
REDEMPTION BANK — 2014
What REDEMPTION 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 | 51,175,000 | 50,811,000 | 51,468,000 | 55,919,000 |
| Total loans | 31,227,000 | 32,246,000 | 32,585,000 | 35,855,000 |
| Allowance for loan losses | 977,000 | 955,000 | 873,000 | 672,000 |
| Securities available for sale | 415,000 | 414,000 | 412,000 | 511,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,487,000 | 43,955,000 | 44,577,000 | 45,972,000 |
| Interest-bearing deposits | 37,100,000 | 35,814,000 | 36,094,000 | 35,694,000 |
| Noninterest-bearing deposits | 7,387,000 | 8,141,000 | 8,483,000 | 10,278,000 |
| Equity capital | 6,206,000 | 6,317,000 | 6,364,000 | 6,273,000 |
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 | 642,000 | 1,288,000 | 1,927,000 | 2,645,000 |
| Interest expense | 67,000 | 136,000 | 204,000 | 269,000 |
| Net interest income | 575,000 | 1,152,000 | 1,723,000 | 2,376,000 |
| Noninterest income | 22,000 | 38,000 | 47,000 | 81,000 |
| Noninterest expense | 456,000 | 893,000 | 1,395,000 | 1,846,000 |
| Provision for loan losses | 0 | 0 | 0 | 327,000 |
| Pretax income | 141,000 | 297,000 | 375,000 | 284,000 |
| Income tax | 46,000 | 91,000 | 121,000 | 122,000 |
| Net income | 95,000 | 206,000 | 254,000 | 162,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,049,000 | 6,207,000 | 6,284,000 | 6,272,000 |
| Total capital | 6,468,000 | 6,635,000 | 6,712,000 | 6,734,000 |
| Risk-weighted assets | 32,941,000 | 33,720,000 | 33,773,000 | 36,725,000 |