Call reports 2014
WEST GATE BANK — 2014
What WEST GATE 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 | 387,696,000 | 381,878,000 | 379,777,000 | 397,763,000 |
| Total loans | 262,809,000 | 268,297,000 | 271,813,000 | 275,554,000 |
| Allowance for loan losses | 4,736,000 | 4,291,000 | 4,071,000 | 3,708,000 |
| Securities available for sale | 14,132,000 | 12,625,000 | 15,299,000 | 16,701,000 |
| Securities held to maturity | 47,964,000 | 52,381,000 | 51,946,000 | 51,426,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 328,048,000 | 321,173,000 | 316,516,000 | 336,944,000 |
| Interest-bearing deposits | 240,271,000 | 231,261,000 | 226,898,000 | 240,489,000 |
| Noninterest-bearing deposits | 87,777,000 | 89,912,000 | 89,618,000 | 96,455,000 |
| Equity capital | 38,217,000 | 38,920,000 | 39,372,000 | 40,369,000 |
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 | 3,604,000 | 7,267,000 | 11,161,000 | 15,007,000 |
| Interest expense | 367,000 | 733,000 | 1,104,000 | 1,473,000 |
| Net interest income | 3,237,000 | 6,534,000 | 10,057,000 | 13,534,000 |
| Noninterest income | 2,104,000 | 4,594,000 | 6,799,000 | 8,651,000 |
| Noninterest expense | 4,579,000 | 9,647,000 | 14,707,000 | 19,116,000 |
| Provision for loan losses | -277,000 | -566,000 | -852,000 | -1,134,000 |
| Pretax income | 1,039,000 | 2,047,000 | 3,001,000 | 4,203,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,039,000 | 2,047,000 | 3,001,000 | 4,203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,625,000 | 38,365,000 | 38,802,000 | 39,816,000 |
| Total capital | 41,678,000 | 42,442,000 | 42,829,000 | 43,524,000 |
| Risk-weighted assets | 324,062,000 | 326,516,000 | 322,431,000 | 325,627,000 |