Call reports 2016
ANDOVER BANK, THE — 2016
What ANDOVER BANK, THE 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 | 403,505,000 | 397,793,000 | 401,165,000 | 399,525,000 |
| Total loans | 192,421,000 | 192,904,000 | 193,863,000 | 195,133,000 |
| Allowance for loan losses | 1,390,000 | 1,323,000 | 1,358,000 | 1,393,000 |
| Securities available for sale | 172,846,000 | 167,837,000 | 156,204,000 | 173,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 333,818,000 | 327,190,000 | 329,862,000 | 322,764,000 |
| Interest-bearing deposits | 249,390,000 | 244,907,000 | 245,345,000 | 237,192,000 |
| Noninterest-bearing deposits | 84,428,000 | 82,283,000 | 84,517,000 | 85,572,000 |
| Equity capital | 41,482,000 | 42,291,000 | 42,945,000 | 39,666,000 |
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 | 3,432,000 | 6,891,000 | 10,270,000 | 13,564,000 |
| Interest expense | 267,000 | 507,000 | 717,000 | 923,000 |
| Net interest income | 3,165,000 | 6,384,000 | 9,553,000 | 12,641,000 |
| Noninterest income | 710,000 | 1,581,000 | 2,437,000 | 3,187,000 |
| Noninterest expense | 2,831,000 | 5,731,000 | 8,560,000 | 11,523,000 |
| Provision for loan losses | 0 | 0 | 0 | 80,000 |
| Pretax income | 1,175,000 | 2,478,000 | 3,669,000 | 4,464,000 |
| Income tax | 162,000 | 397,000 | 608,000 | 684,000 |
| Net income | 1,013,000 | 2,081,000 | 3,061,000 | 3,780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,422,000 | 36,657,000 | 37,875,000 | 37,723,000 |
| Total capital | 37,812,000 | 37,980,000 | 39,233,000 | 39,116,000 |
| Risk-weighted assets | 187,341,000 | 186,230,000 | 181,096,000 | 185,836,000 |