Call reports 2020
PROVIDENCE BANK — 2020
What PROVIDENCE BANK 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 | 532,278,000 | 564,654,000 | 576,659,000 | 587,241,000 |
| Total loans | 419,573,000 | 443,814,000 | 451,565,000 | 464,221,000 |
| Allowance for loan losses | 4,078,000 | 4,282,000 | 4,606,000 | 4,592,000 |
| Securities available for sale | 23,771,000 | 30,002,000 | 24,644,000 | 32,551,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 403,048,000 | 431,700,000 | 442,836,000 | 459,321,000 |
| Interest-bearing deposits | 346,514,000 | 358,051,000 | 367,532,000 | 377,780,000 |
| Noninterest-bearing deposits | 56,534,000 | 73,649,000 | 75,304,000 | 81,541,000 |
| Equity capital | 66,826,000 | 69,013,000 | 70,492,000 | 72,266,000 |
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 | 5,966,000 | 11,659,000 | 17,346,000 | 23,366,000 |
| Interest expense | 1,418,000 | 2,836,000 | 4,168,000 | 5,435,000 |
| Net interest income | 4,548,000 | 8,823,000 | 13,178,000 | 17,931,000 |
| Noninterest income | 205,000 | 397,000 | 371,000 | 584,000 |
| Noninterest expense | 2,104,000 | 4,004,000 | 6,043,000 | 8,233,000 |
| Provision for loan losses | 475,000 | 713,000 | 1,081,000 | 1,245,000 |
| Pretax income | 2,174,000 | 4,503,000 | 6,933,000 | 9,555,000 |
| Income tax | 444,000 | 913,000 | 1,402,000 | 1,930,000 |
| Net income | 1,730,000 | 3,590,000 | 5,531,000 | 7,625,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,682,000 | 63,630,000 | 65,653,000 | 67,489,000 |
| Total capital | 65,760,000 | 67,912,000 | 70,259,000 | 72,081,000 |
| Risk-weighted assets | 436,318,000 | 445,251,000 | 460,222,000 | 494,568,000 |