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Highland Community Bank Financial Reports - HIGHLAND COMMUNITY BANK
HIGHLAND COMMUNITY BANK
Schedule RI Income Statement

Quarter Ended : 2014-06-30
Updated : 2014-07-17

(USD, in thousands)



2014-01-01

2014-06-30

Interest income:

Interest and fee income on loans:


Loans secured by real estate:



Loans secured by 1-4 family residential properties238



All other loans secured by real estate304


Commercial and industrial loans81


Loans to individuals for household, family, and other personal expenditures:



Credit cards0



Other (includes revolving credit plans other than credit cards, automobile loans, and other consumer loans)8


Loans to foreign governments and official institutions0


All other loans**0


Total interest and fee income on loans631

Income from lease financing receivables157

Interest income on balances due from depository institutions***14

Interest and dividend income on securities:


U.S. Treasury securities and U.S. Government agency obligations (excluding mortgage backed securities)81


Mortgage backed securities124


All other securities (includes securities issued by states and political subdivisions in the U.S.)0

Interest income from trading assets0

Interest income on federal funds sold and securities purchased under agreements to resell0

Other interest income0

Total interest income1,007

Interest expense:

Interest on deposits:


Transaction accounts (interest-bearing demand deposits, NOW accounts ATS accounts, and telephone and preauthorized transfer accounts)7


Nontransaction accounts:



Savings deposits (includes MMDAs)18



Time deposits of $100,000 or more37



Time deposits of less than $100,00011

Expense of federal funds purchased and securities sold under agreements to repurchase0

Interest on trading liabilities and other borrowed money0

Interest on subordinated notes and debentures0

Total interest expense73

Net interest income934

Provision for loan and lease losses200

Noninterest income:

Income from fiduciary activities****0

Service charges on deposit accounts117

Trading revenue*****0

Fees and commissions from securities brokerage0

Investment banking, advisory, and underwriting fees and commissions0

Fees and commissions from annuity sales0

Underwriting income from insurance and reinsurance activities0

Income from other insurance activities0

Venture capital revenue0

Net servicing fees0

Net securitization income0

Net gains (losses) on sales of loans and leases0

Net gains (losses) on sales of other real estate owned472

Net gains (losses) on sales of other assets (excluding securities)0

Other noninterest income*36

Total noninterest income625

Realized gains (losses) on held to maturity securities0
Realized gains (losses) on available for sale securities0

Noninterest expense:

Salaries and employee benefits709

Expenses of premises and fixed assets (net of rental income) (excluding salaries and employee benefits and mortgage interest)303

Goodwill impairment losses0

Amortization expense and impairment losses for other intangible assets0

Other noninterest expense*536

Total noninterest expense1,548

Income (loss) before income taxes and extraordinary items and other adjustments(189)
Applicable income taxes0
Income (loss) before extraordinary items and other adjustments(189)
Extraordinary items and other adjustments, net of income taxes*0

Net income (loss) attributable to bank and noncontrolling (minority) interests(189)
LESS: Net income (loss) attributable to noncontrolling (minority) interests0
Net income (loss) attributable to bank(189)

Memoranda

Interest expense incurred to carry tax exempt securities, loans, and leases acquired after August 7, 1986, that is not deductible for federal income tax purposes0

Income from the sale and servicing of mutual funds and annuities0

Income on tax exempt loans and leases to states and political subdivisions in the U.S.0

Income on tax exempt securities issued by states and political subdivisions in the U.S.0

Number of full time equivalent employees at end of current period27

Interest and fee income on loans to finance agricultural production and other loans to farmers0

If the reporting bank has restated its balance sheet as a result of applying push down accounting this calendar year, report the date of the banks acquisition *******0

Trading revenue (from cash instruments and derivative instruments) :


Interest rate exposures0


Foreign exchange exposures0


Equity security and index exposures0


Commodity and other exposures0


Credit exposures0


Impact on trading revenue of changes in the creditworthiness of the bank's derivatives counterparties on the bank's derivative assets0


Impact on trading revenue of changes in the creditworthiness of the bank on the bank's derivative liabilities0

Net gains (losses) recognized in earnings on credit derivatives that economically hedge credit exposures held outside the trading account:


Net gains (losses) on credit derivatives held for trading0


Net gains (losses) on credit derivatives held for purposes other than trading0

To be completed by banks with $300 million or more in total assets:****** Credit losses on derivatives0

Does the reporting bank have a Subchapter S election in effect for federal income tax purposes for the current tax year?No

Noncash income from negative amortization on closed-end loans secured by 1-4 family residential properties0

Net gains (losses) recognized in earnings on assets and liabilities that are reported at fair value under a fair value option:


Net gains (losses) on assets0



Estimated net gains (losses) on loans attributable to changes in instrument-specific credit risk0


Net gains (losses) on liabilities0



Estimated net gains (losses) on liabilities attributable to changes in instrument-specific credit risk0


Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities:


Total other-than-temporary impairment losses0


Portion of losses recognized in other comprehensive income0


Net impairment losses recognized in earnings0
* Describe on Schedule RI-E+Explanations
** Includes interest and fee income on Loans to depository institutions and acceptances of other banks, Loans to finance agricultural production and other loans of farmers, Obligations (other than securities and leases) of states and political subdivisions in the U.S., and Other loans.
*** Includes interest income on time certificates of deposit not held for trading.
**** For banks required to complete Schedule RC-T, items 12 through 19, income from fiduciary activities reported in Schedule RI, must equal the amount reported in Schedule RC T, item 19.
***** For banks required to complete Schedule RI, Memorandum trading revenue reported in Schedule RI, item 5.c, must equal the sum of Memorandum items 8.a through 8.d.
****** The asset size tests and the five percent of total loans test are generally based on the total assets and total loans reported on the June 30, 2012, Report of Condition.
******* For example, a bank acquired on March 1, 2012, would report 20120301.

This statement has not been reviewed or confirmed for accuracy or relevance by any member of the FFIEC.




 

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Source of Data: FDIC, FRB, NCUA, OCC, OTS, SEC, U.S. Department of the Treasury