Call reports 2019
COMMENCEMENT BANK — 2019
What COMMENCEMENT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 354,491,000 | 365,457,000 | 375,394,000 | 388,384,000 |
| Total loans | 268,162,000 | 287,744,000 | 286,174,000 | 297,699,000 |
| Allowance for loan losses | 2,984,000 | 3,186,000 | 3,198,000 | 3,216,000 |
| Securities available for sale | 14,666,000 | 14,321,000 | 16,609,000 | 14,731,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,481,000 | 314,073,000 | 322,199,000 | 334,369,000 |
| Interest-bearing deposits | 216,637,000 | 219,857,000 | 232,149,000 | 236,526,000 |
| Noninterest-bearing deposits | 90,844,000 | 94,216,000 | 90,050,000 | 97,843,000 |
| Equity capital | 43,659,000 | 44,913,000 | 46,521,000 | 47,696,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 4,000,000 | 8,198,000 | 13,209,000 | 17,257,000 |
| Interest expense | 577,000 | 1,216,000 | 1,980,000 | 2,679,000 |
| Net interest income | 3,423,000 | 6,982,000 | 11,229,000 | 14,578,000 |
| Noninterest income | 200,000 | 414,000 | 692,000 | 954,000 |
| Noninterest expense | 2,324,000 | 4,545,000 | 7,203,000 | 9,372,000 |
| Provision for loan losses | 0 | 290,000 | 290,000 | 290,000 |
| Pretax income | 1,299,000 | 2,561,000 | 4,428,000 | 5,870,000 |
| Income tax | 232,000 | 456,000 | 788,000 | 1,082,000 |
| Net income | 1,067,000 | 2,105,000 | 3,640,000 | 4,788,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,225,000 | 43,323,000 | 44,930,000 | 46,136,000 |
| Total capital | 45,367,000 | 46,686,000 | 48,323,000 | 49,500,000 |
| Risk-weighted assets | 289,418,000 | 308,061,000 | 304,211,000 | 312,587,000 |