Call reports 2016
REDEMPTION BANK — 2016
What REDEMPTION 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 | 50,492,000 | 50,478,000 | 52,058,000 | 54,634,000 |
| Total loans | 34,835,000 | 34,443,000 | 34,993,000 | 33,944,000 |
| Allowance for loan losses | 746,000 | 782,000 | 810,000 | 799,000 |
| Securities available for sale | 729,000 | 729,000 | 804,000 | 399,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,978,000 | 42,765,000 | 44,209,000 | 46,486,000 |
| Interest-bearing deposits | 32,415,000 | 32,393,000 | 33,061,000 | 33,856,000 |
| Noninterest-bearing deposits | 10,562,000 | 10,373,000 | 11,148,000 | 12,630,000 |
| Equity capital | 6,958,000 | 7,128,000 | 7,344,000 | 7,675,000 |
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 | 667,000 | 1,339,000 | 2,028,000 | 2,735,000 |
| Interest expense | 52,000 | 104,000 | 158,000 | 210,000 |
| Net interest income | 615,000 | 1,235,000 | 1,870,000 | 2,525,000 |
| Noninterest income | 19,000 | 60,000 | 86,000 | 141,000 |
| Noninterest expense | 430,000 | 898,000 | 1,319,000 | 1,758,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 204,000 | 397,000 | 637,000 | 908,000 |
| Income tax | 28,000 | 52,000 | 76,000 | 9,000 |
| Net income | 176,000 | 345,000 | 561,000 | 899,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,779,000 | 6,972,000 | 7,212,000 | 7,476,000 |
| Total capital | 7,219,000 | 7,406,000 | 7,648,000 | 7,921,000 |
| Risk-weighted assets | 34,784,000 | 34,293,000 | 34,431,000 | 35,140,000 |