Call reports 2017
BLUE GATE BANK — 2017
What BLUE GATE BANK 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 | 46,552,000 | 92,978,000 | 116,243,000 | 148,857,000 |
| Total loans | 8,277,000 | 40,883,000 | 63,391,000 | 73,935,000 |
| Allowance for loan losses | 103,000 | 511,000 | 604,000 | 716,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,903,000 | 66,030,000 | 90,014,000 | 123,527,000 |
| Interest-bearing deposits | 15,143,000 | 62,028,000 | 85,810,000 | 74,776,000 |
| Noninterest-bearing deposits | 1,760,000 | 4,002,000 | 4,204,000 | 48,752,000 |
| Equity capital | 27,016,000 | 26,581,000 | 25,802,000 | 24,760,000 |
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 | 64,000 | 435,000 | 1,151,000 | 2,085,000 |
| Interest expense | 22,000 | 156,000 | 457,000 | 735,000 |
| Net interest income | 42,000 | 279,000 | 694,000 | 1,350,000 |
| Noninterest income | 2,000 | 9,000 | 13,000 | 20,000 |
| Noninterest expense | 1,307,000 | 2,658,000 | 3,827,000 | 5,479,000 |
| Provision for loan losses | 103,000 | 511,000 | 604,000 | 716,000 |
| Pretax income | -1,366,000 | -2,881,000 | -3,724,000 | -4,825,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | -1,367,000 | -2,882,000 | -3,725,000 | -4,826,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,017,000 | 26,581,000 | 25,802,000 | 24,760,000 |
| Total capital | 27,120,000 | 27,046,000 | 26,406,000 | 25,476,000 |
| Risk-weighted assets | 10,202,000 | 37,142,000 | 58,312,000 | 65,629,000 |