Call reports 2014
NUVO BANK AND TRUST — 2014
What NUVO BANK AND TRUST 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 | 144,994,000 | 151,514,000 | 154,645,000 | 153,480,000 |
| Total loans | 126,995,000 | 130,300,000 | 133,747,000 | 138,757,000 |
| Allowance for loan losses | 1,668,000 | 1,622,000 | 1,665,000 | 1,727,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 6,065,000 | 5,834,000 | 5,563,000 | 5,329,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,867,000 | 133,674,000 | 136,466,000 | 133,756,000 |
| Interest-bearing deposits | 111,289,000 | 118,070,000 | 116,090,000 | 118,191,000 |
| Noninterest-bearing deposits | 14,578,000 | 15,604,000 | 20,376,000 | 15,565,000 |
| Equity capital | 14,734,000 | 14,841,000 | 14,965,000 | 15,189,000 |
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 | 1,472,000 | 3,023,000 | 4,592,000 | 6,215,000 |
| Interest expense | 262,000 | 539,000 | 828,000 | 1,128,000 |
| Net interest income | 1,210,000 | 2,484,000 | 3,764,000 | 5,087,000 |
| Noninterest income | 86,000 | 161,000 | 246,000 | 337,000 |
| Noninterest expense | 993,000 | 2,011,000 | 2,993,000 | 3,982,000 |
| Provision for loan losses | 192,000 | 409,000 | 648,000 | 725,000 |
| Pretax income | 111,000 | 225,000 | 369,000 | 717,000 |
| Income tax | 44,000 | 81,000 | 134,000 | 296,000 |
| Net income | 67,000 | 144,000 | 235,000 | 421,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,841,000 | 13,082,000 | 13,270,000 | 13,701,000 |
| Total capital | 14,357,000 | 14,704,000 | 14,935,000 | 15,428,000 |
| Risk-weighted assets | 125,515,000 | 131,996,000 | 135,840,000 | 139,005,000 |