Call reports 2018
FIRST PRIORITY BANK — 2018
What FIRST PRIORITY BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 |
|---|---|---|
| Total assets | 614,383,000 | 627,428,000 |
| Total loans | 518,252,000 | 525,435,000 |
| Allowance for loan losses | 3,405,000 | 3,399,000 |
| Securities available for sale | 36,104,000 | 35,564,000 |
| Securities held to maturity | 18,548,000 | 33,301,000 |
| Trading assets | 0 | 0 |
| Total deposits | 512,742,000 | 513,582,000 |
| Interest-bearing deposits | 443,004,000 | 441,894,000 |
| Noninterest-bearing deposits | 69,738,000 | 71,688,000 |
| Equity capital | 50,527,000 | 51,255,000 |
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 |
|---|---|---|
| Interest income | 6,354,000 | 12,985,000 |
| Interest expense | 1,668,000 | 3,462,000 |
| Net interest income | 4,686,000 | 9,523,000 |
| Noninterest income | 260,000 | 443,000 |
| Noninterest expense | 3,925,000 | 7,881,000 |
| Provision for loan losses | 20,000 | 35,000 |
| Pretax income | 1,001,000 | 2,050,000 |
| Income tax | 216,000 | 438,000 |
| Net income | 785,000 | 1,612,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 |
|---|---|---|
| Tier 1 capital | 48,067,000 | 48,911,000 |
| Total capital | 60,745,000 | 61,589,000 |
| Risk-weighted assets | 486,394,000 | 500,904,000 |