Call reports 2014
BERKSHIRE BANK MUNICIPAL BANK — 2014
What BERKSHIRE BANK MUNICIPAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 |
|---|---|---|
| Total assets | 13,980,000 | 0 |
| Total loans | 0 | 0 |
| Allowance for loan losses | 0 | 0 |
| Securities available for sale | 0 | 0 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 45,000 | 0 |
| Interest-bearing deposits | 0 | 0 |
| Noninterest-bearing deposits | 45,000 | 0 |
| Equity capital | 13,935,000 | 0 |
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 |
|---|---|---|
| Interest income | 136,000 | 136,000 |
| Interest expense | 6,000 | 6,000 |
| Net interest income | 130,000 | 130,000 |
| Noninterest income | 0 | 0 |
| Noninterest expense | 145,000 | 286,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | -289,000 | -430,000 |
| Income tax | -118,000 | -118,000 |
| Net income | -171,000 | -312,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 |
|---|---|---|
| Tier 1 capital | 13,935,000 | 0 |
| Total capital | 13,935,000 | 0 |
| Risk-weighted assets | 2,796,000 | 0 |