Call reports 2014
COMMENCEMENT BANK — 2014
What COMMENCEMENT 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 | 156,913,000 | 159,559,000 | 166,475,000 | 167,679,000 |
| Total loans | 131,665,000 | 130,141,000 | 133,210,000 | 133,410,000 |
| Allowance for loan losses | 1,842,000 | 1,904,000 | 2,001,000 | 1,851,000 |
| Securities available for sale | 4,427,000 | 3,246,000 | 3,076,000 | 2,929,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,755,000 | 135,055,000 | 141,732,000 | 142,637,000 |
| Interest-bearing deposits | 113,061,000 | 114,819,000 | 120,502,000 | 118,244,000 |
| Noninterest-bearing deposits | 19,694,000 | 20,236,000 | 21,230,000 | 24,394,000 |
| Equity capital | 20,752,000 | 21,027,000 | 21,267,000 | 21,521,000 |
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 | 1,594,000 | 3,286,000 | 4,961,000 | 6,712,000 |
| Interest expense | 180,000 | 358,000 | 555,000 | 754,000 |
| Net interest income | 1,414,000 | 2,928,000 | 4,406,000 | 5,958,000 |
| Noninterest income | 94,000 | 204,000 | 308,000 | 407,000 |
| Noninterest expense | 1,212,000 | 2,460,000 | 3,727,000 | 5,008,000 |
| Provision for loan losses | 45,000 | 45,000 | 45,000 | 45,000 |
| Pretax income | 251,000 | 635,000 | 950,000 | 1,320,000 |
| Income tax | 59,000 | 182,000 | 282,000 | 400,000 |
| Net income | 192,000 | 453,000 | 668,000 | 920,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,473,000 | 20,863,000 | 21,183,000 | 21,500,000 |
| Total capital | 22,111,000 | 22,457,000 | 22,820,000 | 23,154,000 |
| Risk-weighted assets | 130,835,000 | 127,188,000 | 130,573,000 | 132,044,000 |