Call reports 2020
BANK OF MILAN, THE — 2020
What BANK OF MILAN, THE 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 | 78,257,000 | 83,544,000 | 83,658,000 | 89,405,000 |
| Total loans | 40,741,000 | 43,260,000 | 44,887,000 | 43,195,000 |
| Allowance for loan losses | 213,000 | 268,000 | 285,000 | 186,000 |
| Securities available for sale | 18,998,000 | 19,265,000 | 20,775,000 | 23,042,000 |
| Securities held to maturity | 2,173,000 | 1,664,000 | 1,652,000 | 1,642,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,383,000 | 74,293,000 | 73,875,000 | 79,600,000 |
| Interest-bearing deposits | 57,776,000 | 53,825,000 | 55,924,000 | 59,245,000 |
| Noninterest-bearing deposits | 12,607,000 | 20,468,000 | 17,951,000 | 20,355,000 |
| Equity capital | 7,381,000 | 7,609,000 | 7,757,000 | 7,758,000 |
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 | 727,000 | 1,385,000 | 2,056,000 | 2,755,000 |
| Interest expense | 110,000 | 200,000 | 275,000 | 334,000 |
| Net interest income | 617,000 | 1,185,000 | 1,781,000 | 2,421,000 |
| Noninterest income | 96,000 | 188,000 | 279,000 | 369,000 |
| Noninterest expense | 516,000 | 1,035,000 | 1,538,000 | 2,061,000 |
| Provision for loan losses | 0 | 55,000 | 60,000 | -40,000 |
| Pretax income | 197,000 | 283,000 | 487,000 | 794,000 |
| Income tax | 15,000 | 30,000 | 45,000 | 50,000 |
| Net income | 182,000 | 253,000 | 442,000 | 744,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,002,000 | 6,958,000 | 7,087,000 | 7,035,000 |