Call reports 2017
GRANITE MOUNTAIN BANK, INC. — 2017
What GRANITE MOUNTAIN BANK, INC. 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 | 74,151,000 | 74,910,000 | 77,423,000 | 75,170,000 |
| Total loans | 39,369,000 | 40,916,000 | 43,733,000 | 41,782,000 |
| Allowance for loan losses | 595,000 | 595,000 | 606,000 | 605,000 |
| Securities available for sale | 6,481,000 | 6,496,000 | 6,491,000 | 6,450,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,228,000 | 66,804,000 | 69,065,000 | 66,885,000 |
| Interest-bearing deposits | 39,556,000 | 40,300,000 | 40,063,000 | 40,190,000 |
| Noninterest-bearing deposits | 26,672,000 | 26,504,000 | 29,002,000 | 26,695,000 |
| Equity capital | 6,461,000 | 6,600,000 | 6,765,000 | 6,471,000 |
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 | 610,000 | 1,250,000 | 1,954,000 | 2,638,000 |
| Interest expense | 8,000 | 17,000 | 26,000 | 34,000 |
| Net interest income | 602,000 | 1,233,000 | 1,928,000 | 2,604,000 |
| Noninterest income | 85,000 | 176,000 | 268,000 | 375,000 |
| Noninterest expense | 530,000 | 1,066,000 | 1,597,000 | 2,173,000 |
| Provision for loan losses | 0 | 0 | 10,000 | 10,000 |
| Pretax income | 157,000 | 343,000 | 589,000 | 796,000 |
| Income tax | 57,000 | 117,000 | 195,000 | 489,000 |
| Net income | 100,000 | 226,000 | 394,000 | 307,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,480,000 | 6,607,000 | 6,774,000 | 6,507,000 |
| Total capital | 6,964,000 | 7,108,000 | 7,318,000 | 7,025,000 |
| Risk-weighted assets | 38,362,000 | 39,731,000 | 43,168,000 | 41,001,000 |