Call reports 2020
GROVE BANK & TRUST — 2020
What GROVE BANK & TRUST reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 770,237,000 | 836,884,000 | 868,319,000 | 860,806,000 |
| Total loans | 359,381,000 | 370,649,000 | 367,893,000 | 402,406,000 |
| Allowance for loan losses | 7,726,000 | 8,130,000 | 8,359,000 | 9,037,000 |
| Securities available for sale | 235,821,000 | 245,095,000 | 237,106,000 | 185,646,000 |
| Securities held to maturity | 7,896,000 | 7,474,000 | 6,756,000 | 6,509,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 610,219,000 | 671,793,000 | 703,309,000 | 695,478,000 |
| Interest-bearing deposits | 390,694,000 | 403,468,000 | 423,703,000 | 432,400,000 |
| Noninterest-bearing deposits | 219,525,000 | 268,325,000 | 279,606,000 | 263,078,000 |
| Equity capital | 118,121,000 | 121,007,000 | 120,879,000 | 121,253,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,520,000 | 10,706,000 | 15,417,000 | 20,137,000 |
| Interest expense | 881,000 | 1,555,000 | 2,132,000 | 2,577,000 |
| Net interest income | 4,639,000 | 9,151,000 | 13,285,000 | 17,560,000 |
| Noninterest income | 1,971,000 | 3,769,000 | 5,574,000 | 8,172,000 |
| Noninterest expense | 6,021,000 | 11,190,000 | 16,945,000 | 23,066,000 |
| Provision for loan losses | 0 | 400,000 | 625,000 | 1,300,000 |
| Pretax income | 754,000 | 1,701,000 | 1,800,000 | 1,868,000 |
| Income tax | 145,000 | 195,000 | 121,000 | 52,000 |
| Net income | 609,000 | 1,506,000 | 1,679,000 | 1,816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 117,383,000 | 118,434,000 | 118,763,000 | 119,079,000 |
| Total capital | 123,338,000 | 124,289,000 | 124,679,000 | 125,485,000 |
| Risk-weighted assets | 474,432,000 | 465,997,000 | 470,595,000 | 509,634,000 |