Call reports 2018
WEST GATE BANK — 2018
What WEST GATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 532,850,000 | 566,761,000 | 588,692,000 | 611,001,000 |
| Total loans | 426,181,000 | 452,860,000 | 465,380,000 | 483,137,000 |
| Allowance for loan losses | 5,428,000 | 5,544,000 | 5,542,000 | 5,541,000 |
| Securities available for sale | 34,339,000 | 40,508,000 | 42,688,000 | 47,565,000 |
| Securities held to maturity | 31,286,000 | 29,180,000 | 26,801,000 | 22,801,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 464,773,000 | 454,927,000 | 494,084,000 | 505,077,000 |
| Interest-bearing deposits | 329,606,000 | 320,156,000 | 359,568,000 | 357,647,000 |
| Noninterest-bearing deposits | 135,167,000 | 134,771,000 | 134,517,000 | 147,429,000 |
| Equity capital | 57,455,000 | 59,326,000 | 60,995,000 | 62,732,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 5,475,000 | 11,565,000 | 18,340,000 | 25,234,000 |
| Interest expense | 396,000 | 1,024,000 | 1,887,000 | 3,004,000 |
| Net interest income | 5,079,000 | 10,541,000 | 16,453,000 | 22,230,000 |
| Noninterest income | 2,213,000 | 4,663,000 | 7,312,000 | 10,294,000 |
| Noninterest expense | 5,625,000 | 11,268,000 | 17,804,000 | 24,645,000 |
| Provision for loan losses | 105,000 | 141,000 | 177,000 | 213,000 |
| Pretax income | 1,562,000 | 3,795,000 | 5,784,000 | 7,666,000 |
| Income tax | 215,000 | 567,000 | 730,000 | 1,002,000 |
| Net income | 1,347,000 | 3,228,000 | 5,054,000 | 6,664,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,039,000 | 57,095,000 | 55,284,000 | 56,071,000 |
| Total capital | 60,301,000 | 62,548,000 | 60,826,000 | 61,612,000 |
| Risk-weighted assets | 417,910,000 | 433,477,000 | 452,712,000 | 468,553,000 |