Call reports 2019
WEST GATE BANK — 2019
What WEST GATE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 658,855,000 | 686,191,000 | 741,043,000 | 737,952,000 |
| Total loans | 499,083,000 | 554,452,000 | 642,231,000 | 634,303,000 |
| Allowance for loan losses | 5,578,000 | 5,582,000 | 5,569,000 | 5,571,000 |
| Securities available for sale | 68,883,000 | 71,104,000 | 33,938,000 | 29,277,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 588,709,000 | 528,211,000 | 621,470,000 | 611,099,000 |
| Interest-bearing deposits | 381,641,000 | 373,822,000 | 473,681,000 | 424,099,000 |
| Noninterest-bearing deposits | 207,068,000 | 154,389,000 | 147,790,000 | 187,000,000 |
| Equity capital | 65,008,000 | 67,443,000 | 76,384,000 | 79,555,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 6,880,000 | 14,388,000 | 25,176,000 | 34,928,000 |
| Interest expense | 1,199,000 | 2,632,000 | 4,457,000 | 6,143,000 |
| Net interest income | 5,681,000 | 11,756,000 | 20,719,000 | 28,785,000 |
| Noninterest income | 2,335,000 | 5,541,000 | 7,053,000 | 10,965,000 |
| Noninterest expense | 5,509,000 | 12,224,000 | 18,630,000 | 26,230,000 |
| Provision for loan losses | 59,000 | 95,000 | 131,000 | 171,000 |
| Pretax income | 2,448,000 | 4,978,000 | 9,508,000 | 13,846,000 |
| Income tax | 419,000 | 853,000 | 1,796,000 | 2,654,000 |
| Net income | 2,029,000 | 4,125,000 | 7,712,000 | 11,192,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,966,000 | 59,721,000 | 69,457,000 | 71,417,000 |
| Total capital | 63,544,000 | 65,303,000 | 75,026,000 | 76,988,000 |
| Risk-weighted assets | 491,910,000 | 516,431,000 | 567,805,000 | 573,178,000 |