Call reports 2016
ANDOVER STATE BANK — 2016
What ANDOVER STATE 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 | 79,972,000 | 78,550,000 | 81,384,000 | 83,136,000 |
| Total loans | 66,990,000 | 66,611,000 | 66,189,000 | 64,421,000 |
| Allowance for loan losses | 769,000 | 769,000 | 769,000 | 769,000 |
| Securities available for sale | 4,521,000 | 4,525,000 | 5,515,000 | 5,427,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,462,000 | 67,979,000 | 70,730,000 | 72,560,000 |
| Interest-bearing deposits | 58,050,000 | 57,092,000 | 58,708,000 | 60,171,000 |
| Noninterest-bearing deposits | 11,412,000 | 10,887,000 | 12,022,000 | 12,389,000 |
| Equity capital | 6,763,000 | 6,869,000 | 6,906,000 | 6,925,000 |
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 | 827,000 | 1,638,000 | 2,443,000 | 3,321,000 |
| Interest expense | 62,000 | 123,000 | 183,000 | 248,000 |
| Net interest income | 765,000 | 1,515,000 | 2,260,000 | 3,073,000 |
| Noninterest income | 82,000 | 162,000 | 239,000 | 337,000 |
| Noninterest expense | 716,000 | 1,372,000 | 2,077,000 | 2,815,000 |
| Provision for loan losses | 18,000 | 18,000 | 18,000 | 18,000 |
| Pretax income | 113,000 | 287,000 | 404,000 | 577,000 |
| Income tax | 46,000 | 96,000 | 125,000 | 184,000 |
| Net income | 67,000 | 191,000 | 279,000 | 393,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,762,000 | 6,869,000 | 6,906,000 | 6,925,000 |
| Total capital | 7,528,000 | 7,638,000 | 7,675,000 | 7,694,000 |
| Risk-weighted assets | 61,295,000 | 61,478,000 | 61,833,000 | 61,459,000 |