Call reports 2016
OPTIMUMBANK — 2016
What OPTIMUMBANK 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 | 126,389,000 | 123,448,000 | 121,537,000 | 119,523,000 |
| Total loans | 87,401,000 | 83,650,000 | 85,501,000 | 80,914,000 |
| Allowance for loan losses | 4,080,000 | 4,240,000 | 4,169,000 | 3,915,000 |
| Securities available for sale | 24,054,000 | 23,322,000 | 21,931,000 | 20,222,000 |
| Securities held to maturity | 100,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,138,000 | 93,165,000 | 91,373,000 | 86,509,000 |
| Interest-bearing deposits | 86,413,000 | 81,495,000 | 77,024,000 | 78,874,000 |
| Noninterest-bearing deposits | 6,725,000 | 11,670,000 | 14,349,000 | 7,635,000 |
| Equity capital | 9,248,000 | 9,410,000 | 9,368,000 | 9,246,000 |
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 | 1,182,000 | 2,409,000 | 3,650,000 | 4,767,000 |
| Interest expense | 210,000 | 445,000 | 670,000 | 886,000 |
| Net interest income | 972,000 | 1,964,000 | 2,980,000 | 3,881,000 |
| Noninterest income | 7,000 | 14,000 | 30,000 | 213,000 |
| Noninterest expense | 964,000 | 1,887,000 | 2,791,000 | 3,606,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 43,000 | 136,000 | 267,000 | 302,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 43,000 | 136,000 | 267,000 | 302,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,228,000 | 9,324,000 | 9,458,000 | 9,498,000 |
| Total capital | 10,387,000 | 10,438,000 | 10,564,000 | 10,566,000 |
| Risk-weighted assets | 89,818,000 | 86,010,000 | 85,402,000 | 82,612,000 |