Call reports 2016
MECHANICS COOPERATIVE BANK — 2016
What MECHANICS COOPERATIVE 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 | 492,344,000 | 497,525,000 | 502,557,000 | 513,924,000 |
| Total loans | 394,121,000 | 395,923,000 | 404,082,000 | 416,074,000 |
| Allowance for loan losses | 3,517,000 | 3,424,000 | 3,475,000 | 2,906,000 |
| Securities available for sale | 67,704,000 | 69,708,000 | 71,436,000 | 69,659,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 399,823,000 | 406,753,000 | 408,587,000 | 406,958,000 |
| Interest-bearing deposits | 347,968,000 | 349,792,000 | 349,715,000 | 347,205,000 |
| Noninterest-bearing deposits | 51,855,000 | 56,961,000 | 58,872,000 | 59,753,000 |
| Equity capital | 42,016,000 | 43,288,000 | 44,404,000 | 44,998,000 |
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 | 5,192,000 | 10,386,000 | 15,636,000 | 20,957,000 |
| Interest expense | 755,000 | 1,498,000 | 2,209,000 | 2,912,000 |
| Net interest income | 4,437,000 | 8,888,000 | 13,427,000 | 18,045,000 |
| Noninterest income | 451,000 | 899,000 | 1,441,000 | 1,939,000 |
| Noninterest expense | 3,199,000 | 6,347,000 | 9,691,000 | 12,928,000 |
| Provision for loan losses | 188,000 | 226,000 | 297,000 | 359,000 |
| Pretax income | 1,501,000 | 3,228,000 | 4,893,000 | 6,710,000 |
| Income tax | 551,000 | 1,202,000 | 1,816,000 | 2,494,000 |
| Net income | 950,000 | 2,026,000 | 3,077,000 | 4,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,698,000 | 43,774,000 | 44,825,000 | 45,964,000 |
| Total capital | 46,358,000 | 47,264,000 | 48,454,000 | 49,087,000 |
| Risk-weighted assets | 351,924,000 | 349,595,000 | 356,060,000 | 369,323,000 |