Call reports 2014
WATCH HILL BANK — 2014
What WATCH HILL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 88,376,000 | 89,115,000 | 90,259,000 | 96,382,000 |
| Total loans | 64,941,000 | 68,822,000 | 74,604,000 | 79,799,000 |
| Allowance for loan losses | 1,598,000 | 1,537,000 | 1,551,000 | 1,573,000 |
| Securities available for sale | 9,571,000 | 5,417,000 | 4,526,000 | 4,325,000 |
| Securities held to maturity | 2,539,000 | 2,374,000 | 2,079,000 | 1,972,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,922,000 | 60,733,000 | 61,639,000 | 67,204,000 |
| Interest-bearing deposits | 60,456,000 | 60,115,000 | 60,392,000 | 59,194,000 |
| Noninterest-bearing deposits | 466,000 | 618,000 | 1,247,000 | 8,010,000 |
| Equity capital | 9,694,000 | 8,835,000 | 8,811,000 | 8,917,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 779,000 | 1,542,000 | 2,330,000 | 3,186,000 |
| Interest expense | 235,000 | 472,000 | 715,000 | 960,000 |
| Net interest income | 544,000 | 1,070,000 | 1,615,000 | 2,226,000 |
| Noninterest income | 124,000 | 174,000 | 215,000 | 278,000 |
| Noninterest expense | 558,000 | 1,241,000 | 1,815,000 | 2,393,000 |
| Provision for loan losses | 15,000 | 60,000 | 75,000 | 90,000 |
| Pretax income | 95,000 | -55,000 | -57,000 | 24,000 |
| Income tax | 0 | -291,000 | -291,000 | -291,000 |
| Net income | 95,000 | 236,000 | 234,000 | 315,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,975,000 | 8,870,000 | 8,920,000 | 9,001,000 |
| Total capital | 9,527,000 | 9,460,000 | 9,550,000 | 9,672,000 |
| Risk-weighted assets | 44,140,000 | 46,233,000 | 50,985,000 | 54,921,000 |