Call reports 2017
REDEMPTION BANK — 2017
What REDEMPTION BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 52,537,000 | 54,883,000 | 58,788,000 | 55,728,000 |
| Total loans | 34,779,000 | 36,469,000 | 38,478,000 | 40,698,000 |
| Allowance for loan losses | 856,000 | 882,000 | 890,000 | 892,000 |
| Securities available for sale | 993,000 | 1,004,000 | 1,179,000 | 1,588,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,198,000 | 46,341,000 | 49,946,000 | 46,670,000 |
| Interest-bearing deposits | 33,818,000 | 32,761,000 | 33,221,000 | 32,242,000 |
| Noninterest-bearing deposits | 10,380,000 | 13,580,000 | 16,725,000 | 14,428,000 |
| Equity capital | 7,891,000 | 8,080,000 | 8,281,000 | 8,348,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 725,000 | 1,441,000 | 2,178,000 | 2,902,000 |
| Interest expense | 52,000 | 103,000 | 154,000 | 207,000 |
| Net interest income | 673,000 | 1,338,000 | 2,024,000 | 2,695,000 |
| Noninterest income | 28,000 | 53,000 | 93,000 | 136,000 |
| Noninterest expense | 395,000 | 800,000 | 1,234,000 | 1,740,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 306,000 | 591,000 | 883,000 | 1,091,000 |
| Income tax | 93,000 | 198,000 | 288,000 | 421,000 |
| Net income | 213,000 | 393,000 | 595,000 | 670,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,787,000 | 8,080,000 | 8,281,000 | 8,347,000 |
| Total capital | 8,215,000 | 8,541,000 | 8,763,000 | 8,860,000 |
| Risk-weighted assets | 33,822,000 | 36,454,000 | 38,135,000 | 40,632,000 |