Call reports 2018
REDEMPTION BANK — 2018
What REDEMPTION BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 56,399,000 | 59,655,000 | 60,163,000 | 60,101,000 |
| Total loans | 37,310,000 | 35,204,000 | 36,029,000 | 37,042,000 |
| Allowance for loan losses | 892,000 | 918,000 | 956,000 | 961,000 |
| Securities available for sale | 1,770,000 | 1,766,000 | 1,580,000 | 1,746,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,076,000 | 50,370,000 | 50,578,000 | 50,264,000 |
| Interest-bearing deposits | 34,436,000 | 36,248,000 | 34,262,000 | 34,904,000 |
| Noninterest-bearing deposits | 12,640,000 | 14,122,000 | 16,317,000 | 15,360,000 |
| Equity capital | 8,568,000 | 8,777,000 | 9,046,000 | 9,205,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 764,000 | 1,542,000 | 2,326,000 | 3,188,000 |
| Interest expense | 69,000 | 151,000 | 244,000 | 344,000 |
| Net interest income | 695,000 | 1,391,000 | 2,082,000 | 2,844,000 |
| Noninterest income | 31,000 | 80,000 | 202,000 | 211,000 |
| Noninterest expense | 406,000 | 852,000 | 1,293,000 | 1,786,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 320,000 | 619,000 | 991,000 | 1,269,000 |
| Income tax | 90,000 | 182,000 | 277,000 | 271,000 |
| Net income | 230,000 | 437,000 | 714,000 | 998,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,576,000 | 8,631,000 | 8,880,000 | 9,105,000 |
| Total capital | 9,068,000 | 9,094,000 | 9,337,000 | 9,581,000 |
| Risk-weighted assets | 38,969,000 | 36,615,000 | 36,059,000 | 37,562,000 |