Call reports 2018
COMMENCEMENT BANK — 2018
What COMMENCEMENT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 326,970,000 | 332,130,000 | 321,824,000 | 357,471,000 |
| Total loans | 247,778,000 | 260,302,000 | 271,820,000 | 268,132,000 |
| Allowance for loan losses | 2,673,000 | 2,730,000 | 2,913,000 | 2,976,000 |
| Securities available for sale | 16,850,000 | 16,168,000 | 15,357,000 | 15,005,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 281,708,000 | 288,737,000 | 277,086,000 | 311,870,000 |
| Interest-bearing deposits | 188,876,000 | 195,187,000 | 195,335,000 | 220,256,000 |
| Noninterest-bearing deposits | 92,832,000 | 93,550,000 | 81,751,000 | 91,613,000 |
| Equity capital | 38,451,000 | 39,750,000 | 41,020,000 | 42,461,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,726,000 | 8,066,000 | 12,218,000 | 16,222,000 |
| Interest expense | 274,000 | 630,000 | 1,063,000 | 1,579,000 |
| Net interest income | 3,452,000 | 7,436,000 | 11,155,000 | 14,643,000 |
| Noninterest income | 155,000 | 317,000 | 486,000 | 661,000 |
| Noninterest expense | 2,139,000 | 4,575,000 | 6,584,000 | 8,678,000 |
| Provision for loan losses | 0 | 75,000 | 245,000 | 285,000 |
| Pretax income | 1,468,000 | 3,103,000 | 4,812,000 | 6,341,000 |
| Income tax | 287,000 | 631,000 | 979,000 | 1,305,000 |
| Net income | 1,181,000 | 2,472,000 | 3,833,000 | 5,036,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,962,000 | 38,341,000 | 39,741,000 | 41,046,000 |
| Total capital | 39,787,000 | 41,214,000 | 42,797,000 | 44,200,000 |
| Risk-weighted assets | 250,250,000 | 259,154,000 | 273,541,000 | 278,399,000 |