Call reports 2016
NEW CENTURY BANK — 2016
What NEW CENTURY 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 | 36,822,000 | 41,105,000 | 42,585,000 | 42,553,000 |
| Total loans | 31,232,000 | 35,990,000 | 36,645,000 | 37,763,000 |
| Allowance for loan losses | 390,000 | 446,000 | 474,000 | 510,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 296,000 | 279,000 | 257,000 | 241,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,614,000 | 34,611,000 | 37,002,000 | 36,411,000 |
| Interest-bearing deposits | 27,687,000 | 30,210,000 | 32,271,000 | 31,401,000 |
| Noninterest-bearing deposits | 3,927,000 | 4,401,000 | 4,731,000 | 5,010,000 |
| Equity capital | 3,930,000 | 3,926,000 | 4,254,000 | 4,410,000 |
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 | 640,000 | 1,319,000 | 2,031,000 | 2,820,000 |
| Interest expense | 61,000 | 128,000 | 211,000 | 294,000 |
| Net interest income | 579,000 | 1,191,000 | 1,820,000 | 2,526,000 |
| Noninterest income | 233,000 | 435,000 | 705,000 | 791,000 |
| Noninterest expense | 437,000 | 949,000 | 1,474,000 | 1,962,000 |
| Provision for loan losses | 20,000 | 76,000 | 115,000 | 154,000 |
| Pretax income | 355,000 | 601,000 | 936,000 | 1,201,000 |
| Income tax | 31,000 | 37,000 | 44,000 | 50,000 |
| Net income | 324,000 | 564,000 | 892,000 | 1,151,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,930,000 | 3,926,000 | 4,254,000 | 4,410,000 |
| Total capital | 4,300,000 | 4,335,000 | 4,670,000 | 4,838,000 |
| Risk-weighted assets | 29,657,000 | 32,735,000 | 33,273,000 | 34,206,000 |