Call reports 2016
SOUND BANKING COMPANY — 2016
What SOUND BANKING COMPANY reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 50,454,000 | 64,728,000 | 56,287,000 | 55,610,000 |
| Total loans | 37,026,000 | 38,576,000 | 39,591,000 | 40,075,000 |
| Allowance for loan losses | 503,000 | 510,000 | 515,000 | 520,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,214,000 | 59,729,000 | 51,073,000 | 49,862,000 |
| Interest-bearing deposits | 26,661,000 | 39,304,000 | 31,854,000 | 30,984,000 |
| Noninterest-bearing deposits | 18,553,000 | 20,425,000 | 19,219,000 | 18,878,000 |
| Equity capital | 4,955,000 | 4,689,000 | 4,882,000 | 4,674,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 553,000 | 1,154,000 | 1,756,000 | 2,392,000 |
| Interest expense | 22,000 | 44,000 | 67,000 | 86,000 |
| Net interest income | 531,000 | 1,110,000 | 1,689,000 | 2,306,000 |
| Noninterest income | 46,000 | 89,000 | 129,000 | 173,000 |
| Noninterest expense | 287,000 | 619,000 | 953,000 | 1,588,000 |
| Provision for loan losses | 52,000 | 55,000 | 55,000 | 55,000 |
| Pretax income | 238,000 | 525,000 | 810,000 | 836,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 238,000 | 525,000 | 810,000 | 836,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,955,000 | 4,689,000 | 4,882,000 | 4,674,000 |
| Total capital | 5,380,000 | 5,132,000 | 5,339,000 | 5,176,000 |
| Risk-weighted assets | 33,988,000 | 35,420,000 | 36,503,000 | 40,174,000 |