Call reports 2020
BANK OF THE LOWCOUNTRY — 2020
What BANK OF THE LOWCOUNTRY 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 | 232,800,000 | 251,558,000 | 252,564,000 | 254,536,000 |
| Total loans | 105,972,000 | 108,606,000 | 107,499,000 | 105,030,000 |
| Allowance for loan losses | 1,608,000 | 1,610,000 | 1,610,000 | 1,583,000 |
| Securities available for sale | 79,112,000 | 77,990,000 | 86,061,000 | 87,517,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 196,182,000 | 213,741,000 | 214,038,000 | 216,222,000 |
| Interest-bearing deposits | 163,671,000 | 175,733,000 | 175,860,000 | 179,755,000 |
| Noninterest-bearing deposits | 32,511,000 | 38,008,000 | 38,178,000 | 36,467,000 |
| Equity capital | 26,082,000 | 27,056,000 | 27,852,000 | 27,863,000 |
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 | 2,050,000 | 4,126,000 | 5,954,000 | 7,686,000 |
| Interest expense | 285,000 | 529,000 | 761,000 | 992,000 |
| Net interest income | 1,765,000 | 3,597,000 | 5,193,000 | 6,694,000 |
| Noninterest income | 143,000 | 267,000 | 387,000 | 504,000 |
| Noninterest expense | 1,325,000 | 2,581,000 | 3,815,000 | 6,059,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 587,000 | 1,332,000 | 1,814,000 | 2,054,000 |
| Income tax | 108,000 | 234,000 | 300,000 | 325,000 |
| Net income | 479,000 | 1,098,000 | 1,514,000 | 1,729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,792,000 | 25,411,000 | 25,827,000 | 26,042,000 |