Call reports 2016
GRANITE MOUNTAIN BANK, INC. — 2016
What GRANITE MOUNTAIN BANK, INC. 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 | 71,607,000 | 72,008,000 | 73,682,000 | 74,269,000 |
| Total loans | 41,922,000 | 43,038,000 | 43,814,000 | 38,458,000 |
| Allowance for loan losses | 593,000 | 594,000 | 695,000 | 611,000 |
| Securities available for sale | 7,544,000 | 7,061,000 | 8,543,000 | 7,480,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,879,000 | 64,172,000 | 65,747,000 | 66,316,000 |
| Interest-bearing deposits | 37,732,000 | 38,233,000 | 38,353,000 | 39,418,000 |
| Noninterest-bearing deposits | 26,147,000 | 25,939,000 | 27,394,000 | 26,898,000 |
| Equity capital | 6,269,000 | 6,368,000 | 6,428,000 | 6,361,000 |
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 | 591,000 | 1,207,000 | 1,875,000 | 2,527,000 |
| Interest expense | 9,000 | 18,000 | 27,000 | 37,000 |
| Net interest income | 582,000 | 1,189,000 | 1,848,000 | 2,490,000 |
| Noninterest income | 89,000 | 178,000 | 275,000 | 361,000 |
| Noninterest expense | 537,000 | 1,103,000 | 1,640,000 | 2,140,000 |
| Provision for loan losses | 0 | 0 | 112,000 | 207,000 |
| Pretax income | 134,000 | 264,000 | 371,000 | 504,000 |
| Income tax | 17,000 | 58,000 | 99,000 | 115,000 |
| Net income | 117,000 | 206,000 | 272,000 | 389,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,259,000 | 6,346,000 | 6,413,000 | 6,380,000 |
| Total capital | 6,726,000 | 6,819,000 | 6,901,000 | 6,913,000 |
| Risk-weighted assets | 37,220,000 | 37,717,000 | 38,739,000 | 42,594,000 |