Call reports 2019
NEEDHAM BANK — 2019
What NEEDHAM BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 2,224,521,000 | 2,271,530,000 | 2,345,536,000 | 2,453,186,000 |
| Total loans | 1,926,010,000 | 1,967,909,000 | 2,017,624,000 | 2,078,187,000 |
| Allowance for loan losses | 14,220,000 | 14,610,000 | 14,623,000 | 15,162,000 |
| Securities available for sale | 208,816,000 | 215,519,000 | 196,650,000 | 192,404,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,623,846,000 | 1,633,301,000 | 1,719,621,000 | 1,863,898,000 |
| Interest-bearing deposits | 1,506,006,000 | 1,497,551,000 | 1,587,179,000 | 1,731,497,000 |
| Noninterest-bearing deposits | 117,840,000 | 135,750,000 | 132,442,000 | 132,401,000 |
| Equity capital | 279,286,000 | 283,638,000 | 287,819,000 | 292,321,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 23,486,000 | 47,429,000 | 72,009,000 | 97,332,000 |
| Interest expense | 7,261,000 | 15,111,000 | 23,286,000 | 31,731,000 |
| Net interest income | 16,225,000 | 32,318,000 | 48,723,000 | 65,601,000 |
| Noninterest income | 1,216,000 | 2,677,000 | 3,498,000 | 4,892,000 |
| Noninterest expense | 11,773,000 | 22,860,000 | 34,757,000 | 47,088,000 |
| Provision for loan losses | 625,000 | 1,000,000 | 1,000,000 | 1,525,000 |
| Pretax income | 5,043,000 | 11,135,000 | 16,468,000 | 21,886,000 |
| Income tax | 1,372,000 | 3,063,000 | 4,563,000 | 5,885,000 |
| Net income | 3,671,000 | 8,072,000 | 11,905,000 | 16,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 280,424,000 | 284,825,000 | 288,658,000 | 292,754,000 |
| Total capital | 294,644,000 | 299,435,000 | 303,281,000 | 307,916,000 |
| Risk-weighted assets | 1,813,249,000 | 1,925,671,000 | 1,987,968,000 | 2,078,673,000 |
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