Call reports 2014
STATE BANK OF NIANTIC — 2014
What STATE BANK OF NIANTIC reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 |
|---|---|---|---|
| Total assets | 56,611,000 | 53,580,000 | 53,156,000 |
| Total loans | 21,691,000 | 21,781,000 | 22,644,000 |
| Allowance for loan losses | 519,000 | 401,000 | 392,000 |
| Securities available for sale | 20,215,000 | 24,818,000 | 24,493,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 48,408,000 | 45,251,000 | 43,877,000 |
| Interest-bearing deposits | 41,345,000 | 39,902,000 | 39,192,000 |
| Noninterest-bearing deposits | 7,063,000 | 5,349,000 | 4,685,000 |
| Equity capital | 8,040,000 | 8,170,000 | 8,170,000 |
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 |
|---|---|---|---|
| Interest income | 415,000 | 837,000 | 1,263,000 |
| Interest expense | 39,000 | 75,000 | 109,000 |
| Net interest income | 376,000 | 762,000 | 1,154,000 |
| Noninterest income | 66,000 | 128,000 | 200,000 |
| Noninterest expense | 422,000 | 857,000 | 1,249,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 |
| Pretax income | 20,000 | 8,000 | 80,000 |
| Income tax | 0 | 0 | 0 |
| Net income | 20,000 | 8,000 | 80,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 |
|---|---|---|---|
| Tier 1 capital | 8,217,000 | 8,206,000 | 8,279,000 |
| Total capital | 8,736,000 | 8,607,000 | 8,671,000 |
| Risk-weighted assets | 47,084,000 | 34,708,000 | 33,710,000 |