Call reports 2014
REDWOOD CAPITAL BANK — 2014
What REDWOOD CAPITAL BANK 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 | 254,987,000 | 261,889,000 | 273,738,000 | 280,260,000 |
| Total loans | 179,115,000 | 187,992,000 | 199,771,000 | 205,015,000 |
| Allowance for loan losses | 2,826,000 | 2,955,000 | 2,971,000 | 2,999,000 |
| Securities available for sale | 30,918,000 | 31,736,000 | 26,322,000 | 20,914,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 228,869,000 | 234,918,000 | 246,226,000 | 251,968,000 |
| Interest-bearing deposits | 179,010,000 | 178,577,000 | 188,700,000 | 192,679,000 |
| Noninterest-bearing deposits | 49,859,000 | 56,341,000 | 57,525,000 | 59,289,000 |
| Equity capital | 24,866,000 | 25,683,000 | 26,090,000 | 26,680,000 |
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 | 2,441,000 | 5,025,000 | 7,796,000 | 10,575,000 |
| Interest expense | 132,000 | 259,000 | 394,000 | 532,000 |
| Net interest income | 2,309,000 | 4,766,000 | 7,402,000 | 10,043,000 |
| Noninterest income | 227,000 | 549,000 | 856,000 | 1,138,000 |
| Noninterest expense | 1,740,000 | 3,429,000 | 5,230,000 | 7,210,000 |
| Provision for loan losses | 100,000 | 250,000 | 250,000 | 275,000 |
| Pretax income | 696,000 | 1,636,000 | 2,825,000 | 3,743,000 |
| Income tax | 158,000 | 514,000 | 968,000 | 1,316,000 |
| Net income | 538,000 | 1,122,000 | 1,857,000 | 2,427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,959,000 | 25,541,000 | 25,975,000 | 26,544,000 |
| Total capital | 27,202,000 | 27,878,000 | 28,476,000 | 29,131,000 |
| Risk-weighted assets | 178,855,000 | 186,294,000 | 199,814,000 | 206,547,000 |