Call reports 2014
CUSTOMERS BANK — 2014
What CUSTOMERS 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 | 4,987,085,000 | 5,605,603,000 | 6,502,954,000 | 6,795,021,000 |
| Total loans | 4,054,079,000 | 4,705,499,000 | 5,505,855,000 | 5,747,632,000 |
| Allowance for loan losses | 26,704,000 | 28,186,000 | 31,083,000 | 30,932,000 |
| Securities available for sale | 436,357,000 | 401,611,000 | 387,520,000 | 392,414,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 4,495,000 | 6,097,000 | 5,720,000 | 7,552,000 |
| Total deposits | 3,618,015,000 | 3,733,210,000 | 4,319,794,000 | 4,550,080,000 |
| Interest-bearing deposits | 2,971,754,000 | 3,134,958,000 | 3,586,725,000 | 3,986,102,000 |
| Noninterest-bearing deposits | 646,261,000 | 598,252,000 | 733,069,000 | 563,978,000 |
| Equity capital | 424,601,000 | 437,462,000 | 452,009,000 | 485,617,000 |
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 | 36,852,000 | 81,922,000 | 133,199,000 | 190,336,000 |
| Interest expense | 5,929,000 | 12,920,000 | 22,541,000 | 33,252,000 |
| Net interest income | 30,923,000 | 69,002,000 | 110,658,000 | 157,084,000 |
| Noninterest income | 4,550,000 | 10,805,000 | 16,267,000 | 24,099,000 |
| Noninterest expense | 20,454,000 | 44,751,000 | 68,915,000 | 95,435,000 |
| Provision for loan losses | 4,368,000 | 7,253,000 | 12,288,000 | 14,747,000 |
| Pretax income | 13,483,000 | 30,993,000 | 48,913,000 | 74,192,000 |
| Income tax | 4,060,000 | 10,189,000 | 14,935,000 | 23,971,000 |
| Net income | 9,423,000 | 20,804,000 | 33,978,000 | 50,221,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 421,900,000 | 434,364,000 | 448,631,000 | 480,962,000 |
| Total capital | 448,604,000 | 572,550,000 | 589,714,000 | 621,894,000 |
| Risk-weighted assets | 3,628,842,000 | 4,248,990,000 | 5,005,102,000 | 5,189,259,000 |