Call reports 2014
LOCUS BANK, INC. — 2014
What LOCUS BANK, INC. 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 | 75,226,000 | 77,851,000 | 88,338,000 | 82,955,000 |
| Total loans | 51,627,000 | 56,264,000 | 56,618,000 | 60,020,000 |
| Allowance for loan losses | 499,000 | 550,000 | 563,000 | 624,000 |
| Securities available for sale | 753,000 | 760,000 | 761,000 | 761,000 |
| Securities held to maturity | 775,000 | 774,000 | 773,000 | 772,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,424,000 | 63,017,000 | 73,373,000 | 67,154,000 |
| Interest-bearing deposits | 59,730,000 | 61,649,000 | 71,955,000 | 65,567,000 |
| Noninterest-bearing deposits | 694,000 | 1,368,000 | 1,418,000 | 1,587,000 |
| Equity capital | 11,498,000 | 11,581,000 | 11,651,000 | 12,369,000 |
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 | 738,000 | 1,569,000 | 2,385,000 | 3,205,000 |
| Interest expense | 186,000 | 384,000 | 596,000 | 809,000 |
| Net interest income | 552,000 | 1,185,000 | 1,789,000 | 2,396,000 |
| Noninterest income | 47,000 | 84,000 | 129,000 | 531,000 |
| Noninterest expense | 452,000 | 936,000 | 1,450,000 | 2,063,000 |
| Provision for loan losses | 8,000 | 59,000 | 72,000 | 133,000 |
| Pretax income | 139,000 | 274,000 | 396,000 | 731,000 |
| Income tax | 46,000 | 91,000 | 131,000 | 247,000 |
| Net income | 93,000 | 183,000 | 265,000 | 484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,482,000 | 11,572,000 | 11,641,000 | 12,353,000 |
| Total capital | 14,981,000 | 15,122,000 | 15,204,000 | 15,977,000 |
| Risk-weighted assets | 54,664,000 | 59,283,000 | 62,573,000 | 63,004,000 |