Call reports 2013
WATCH HILL BANK — 2013
What WATCH HILL BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 82,570,000 | 83,439,000 | 83,096,000 | 86,365,000 |
| Total loans | 58,698,000 | 60,259,000 | 59,957,000 | 62,351,000 |
| Allowance for loan losses | 1,038,000 | 1,398,000 | 1,430,000 | 1,578,000 |
| Securities available for sale | 11,463,000 | 11,516,000 | 7,540,000 | 8,909,000 |
| Securities held to maturity | 0 | 0 | 2,791,000 | 2,688,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,232,000 | 59,246,000 | 59,489,000 | 60,662,000 |
| Interest-bearing deposits | 58,190,000 | 59,031,000 | 58,932,000 | 59,871,000 |
| Noninterest-bearing deposits | 42,000 | 215,000 | 557,000 | 791,000 |
| Equity capital | 12,520,000 | 10,304,000 | 10,290,000 | 9,571,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 773,000 | 1,559,000 | 2,261,000 | 3,014,000 |
| Interest expense | 217,000 | 440,000 | 661,000 | 890,000 |
| Net interest income | 556,000 | 1,119,000 | 1,600,000 | 2,124,000 |
| Noninterest income | 98,000 | 96,000 | 177,000 | 181,000 |
| Noninterest expense | 591,000 | 2,464,000 | 3,042,000 | 3,781,000 |
| Provision for loan losses | 30,000 | 535,000 | 565,000 | 765,000 |
| Pretax income | 61,000 | -1,968,000 | -2,014,000 | -2,425,000 |
| Income tax | 10,000 | 246,000 | 224,000 | 508,000 |
| Net income | 51,000 | -2,214,000 | -2,238,000 | -2,933,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,358,000 | 9,266,000 | 9,358,000 | 9,268,000 |
| Total capital | 11,896,000 | 9,766,000 | 9,884,000 | 9,803,000 |
| Risk-weighted assets | 42,578,000 | 42,870,000 | 41,172,000 | 41,720,000 |