Call reports 2017
MECHANICS COOPERATIVE BANK — 2017
What MECHANICS COOPERATIVE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 542,829,000 | 545,564,000 | 568,882,000 | 571,961,000 |
| Total loans | 443,908,000 | 445,847,000 | 466,442,000 | 471,424,000 |
| Allowance for loan losses | 3,346,000 | 3,086,000 | 3,160,000 | 3,104,000 |
| Securities available for sale | 70,622,000 | 67,925,000 | 67,947,000 | 70,390,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 405,792,000 | 422,867,000 | 428,194,000 | 418,903,000 |
| Interest-bearing deposits | 349,155,000 | 359,640,000 | 363,486,000 | 356,428,000 |
| Noninterest-bearing deposits | 56,637,000 | 63,227,000 | 64,708,000 | 62,475,000 |
| Equity capital | 46,142,000 | 47,718,000 | 49,255,000 | 49,640,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 5,475,000 | 11,382,000 | 17,417,000 | 23,605,000 |
| Interest expense | 756,000 | 1,612,000 | 2,584,000 | 3,648,000 |
| Net interest income | 4,719,000 | 9,770,000 | 14,833,000 | 19,957,000 |
| Noninterest income | 430,000 | 855,000 | 1,277,000 | 1,685,000 |
| Noninterest expense | 3,338,000 | 6,727,000 | 9,936,000 | 13,544,000 |
| Provision for loan losses | 440,000 | 76,000 | 146,000 | 95,000 |
| Pretax income | 1,371,000 | 3,822,000 | 6,041,000 | 8,016,000 |
| Income tax | 494,000 | 1,415,000 | 2,252,000 | 3,678,000 |
| Net income | 877,000 | 2,407,000 | 3,789,000 | 4,338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,841,000 | 48,371,000 | 49,754,000 | 50,433,000 |
| Total capital | 50,401,000 | 51,607,000 | 53,030,000 | 53,943,000 |
| Risk-weighted assets | 397,476,000 | 394,865,000 | 412,642,000 | 411,996,000 |