Call reports 2011
PROVIDENCE BANK — 2011
What PROVIDENCE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 123,313,000 | 119,037,000 | 117,645,000 | 119,142,000 |
| Total loans | 81,352,000 | 77,606,000 | 71,690,000 | 66,868,000 |
| Allowance for loan losses | 1,665,000 | 1,569,000 | 1,079,000 | 1,340,000 |
| Securities available for sale | 6,067,000 | 5,698,000 | 5,365,000 | 4,912,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,926,000 | 99,921,000 | 99,413,000 | 100,573,000 |
| Interest-bearing deposits | 96,993,000 | 96,273,000 | 95,232,000 | 95,002,000 |
| Noninterest-bearing deposits | 3,933,000 | 3,648,000 | 4,181,000 | 5,571,000 |
| Equity capital | 11,890,000 | 11,616,000 | 10,775,000 | 11,144,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 925,000 | 1,885,000 | 2,637,000 | 3,511,000 |
| Interest expense | 363,000 | 697,000 | 997,000 | 1,291,000 |
| Net interest income | 562,000 | 1,188,000 | 1,640,000 | 2,220,000 |
| Noninterest income | 6,000 | 15,000 | 10,000 | 16,000 |
| Noninterest expense | 735,000 | 1,541,000 | 2,406,000 | 3,031,000 |
| Provision for loan losses | 0 | 147,000 | 617,000 | 761,000 |
| Pretax income | -167,000 | -485,000 | -1,373,000 | -1,556,000 |
| Income tax | 0 | 0 | 0 | -533,000 |
| Net income | -167,000 | -485,000 | -1,373,000 | -1,023,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,304,000 | 9,057,000 | 8,119,000 | 7,982,000 |
| Total capital | 10,535,000 | 10,274,000 | 9,198,000 | 9,163,000 |
| Risk-weighted assets | 98,098,000 | 96,905,000 | 92,947,000 | 93,547,000 |