Call reports 2016
NEEDHAM BANK — 2016
What NEEDHAM 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 | 1,982,764,000 | 2,006,510,000 | 1,997,915,000 | 1,975,363,000 |
| Total loans | 1,678,572,000 | 1,701,327,000 | 1,703,566,000 | 1,663,428,000 |
| Allowance for loan losses | 14,593,000 | 14,761,000 | 14,709,000 | 14,727,000 |
| Securities available for sale | 201,857,000 | 213,969,000 | 207,021,000 | 215,336,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,474,313,000 | 1,512,211,000 | 1,472,708,000 | 1,476,050,000 |
| Interest-bearing deposits | 1,389,531,000 | 1,411,669,000 | 1,372,635,000 | 1,362,725,000 |
| Noninterest-bearing deposits | 84,782,000 | 100,542,000 | 100,073,000 | 113,325,000 |
| Equity capital | 244,378,000 | 248,498,000 | 251,586,000 | 252,426,000 |
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 | 19,139,000 | 38,721,000 | 58,127,000 | 77,158,000 |
| Interest expense | 3,753,000 | 7,820,000 | 11,854,000 | 15,744,000 |
| Net interest income | 15,386,000 | 30,901,000 | 46,273,000 | 61,414,000 |
| Noninterest income | 444,000 | 1,035,000 | 2,319,000 | 3,314,000 |
| Noninterest expense | 10,377,000 | 20,815,000 | 31,425,000 | 42,090,000 |
| Provision for loan losses | 800,000 | 950,000 | 950,000 | 950,000 |
| Pretax income | 4,653,000 | 10,171,000 | 16,217,000 | 21,689,000 |
| Income tax | 1,788,000 | 3,986,000 | 6,401,000 | 8,583,000 |
| Net income | 2,865,000 | 6,185,000 | 9,816,000 | 13,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 242,959,000 | 246,280,000 | 249,911,000 | 253,201,000 |
| Total capital | 257,552,000 | 261,041,000 | 264,620,000 | 267,928,000 |
| Risk-weighted assets | 1,485,468,000 | 1,488,549,000 | 1,486,254,000 | 1,442,177,000 |