Call reports 2020
MODERN BANK, NATIONAL ASSOCIATION — 2020
What MODERN BANK, NATIONAL ASSOCIATION 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 | 798,440,000 | 870,336,000 | 886,060,000 | 849,228,000 |
| Total loans | 632,226,000 | 726,552,000 | 741,251,000 | 710,511,000 |
| Allowance for loan losses | 7,468,000 | 8,115,000 | 9,339,000 | 9,324,000 |
| Securities available for sale | 54,189,000 | 49,787,000 | 44,193,000 | 38,915,000 |
| Securities held to maturity | 68,810,000 | 66,671,000 | 64,134,000 | 60,663,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 588,931,000 | 584,711,000 | 571,578,000 | 570,989,000 |
| Interest-bearing deposits | 570,439,000 | 524,693,000 | 529,970,000 | 518,685,000 |
| Noninterest-bearing deposits | 18,492,000 | 60,018,000 | 41,608,000 | 52,304,000 |
| Equity capital | 81,563,000 | 82,186,000 | 81,009,000 | 82,743,000 |
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 | 7,596,000 | 15,173,000 | 22,049,000 | 29,655,000 |
| Interest expense | 3,734,000 | 7,122,000 | 10,060,000 | 12,511,000 |
| Net interest income | 3,862,000 | 8,051,000 | 11,989,000 | 17,144,000 |
| Noninterest income | 518,000 | 1,519,000 | 1,735,000 | 2,320,000 |
| Noninterest expense | 2,793,000 | 6,664,000 | 10,188,000 | 13,858,000 |
| Provision for loan losses | 924,000 | 1,571,000 | 2,795,000 | 2,780,000 |
| Pretax income | 869,000 | 1,541,000 | 947,000 | 3,032,000 |
| Income tax | 294,000 | 467,000 | 4,000 | 409,000 |
| Net income | 575,000 | 1,074,000 | 943,000 | 2,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,014,000 | 76,933,000 | 75,833,000 | 77,984,000 |
| Total capital | 83,524,000 | 85,094,000 | 84,386,000 | 86,160,000 |
| Risk-weighted assets | 671,088,000 | 667,053,000 | 683,448,000 | 652,893,000 |