Call reports 2014
ANDOVER BANK, THE — 2014
What ANDOVER BANK, THE 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 | 329,426,000 | 348,189,000 | 346,117,000 | 346,461,000 |
| Total loans | 141,224,000 | 143,430,000 | 144,192,000 | 148,879,000 |
| Allowance for loan losses | 1,570,000 | 1,542,000 | 1,437,000 | 1,547,000 |
| Securities available for sale | 159,464,000 | 177,775,000 | 174,677,000 | 170,705,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 276,444,000 | 278,211,000 | 276,277,000 | 276,362,000 |
| Interest-bearing deposits | 214,026,000 | 212,695,000 | 211,750,000 | 206,800,000 |
| Noninterest-bearing deposits | 62,418,000 | 65,516,000 | 64,527,000 | 69,562,000 |
| Equity capital | 34,805,000 | 36,308,000 | 37,276,000 | 37,849,000 |
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 | 2,913,000 | 5,952,000 | 9,035,000 | 11,980,000 |
| Interest expense | 337,000 | 716,000 | 1,103,000 | 1,469,000 |
| Net interest income | 2,576,000 | 5,236,000 | 7,932,000 | 10,511,000 |
| Noninterest income | 754,000 | 1,570,000 | 2,449,000 | 3,168,000 |
| Noninterest expense | 2,340,000 | 4,669,000 | 6,925,000 | 9,499,000 |
| Provision for loan losses | 0 | 0 | 0 | 150,000 |
| Pretax income | 991,000 | 2,282,000 | 3,601,000 | 4,175,000 |
| Income tax | 101,000 | 295,000 | 490,000 | 76,000 |
| Net income | 890,000 | 1,987,000 | 3,111,000 | 4,099,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,499,000 | 34,809,000 | 35,906,000 | 35,858,000 |
| Total capital | 36,069,000 | 36,351,000 | 37,343,000 | 37,405,000 |
| Risk-weighted assets | 148,268,000 | 157,175,000 | 158,726,000 | 160,944,000 |