Call reports 2020
HORIZON FINANCIAL BANK — 2020
What HORIZON FINANCIAL 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 | 149,538,000 | 151,294,000 | 151,757,000 | 158,097,000 |
| Total loans | 98,516,000 | 108,144,000 | 106,498,000 | 97,841,000 |
| Allowance for loan losses | 1,494,000 | 1,516,000 | 1,526,000 | 1,528,000 |
| Securities available for sale | 13,729,000 | 16,813,000 | 19,067,000 | 22,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,864,000 | 131,851,000 | 132,158,000 | 138,621,000 |
| Interest-bearing deposits | 107,208,000 | 108,864,000 | 108,234,000 | 110,205,000 |
| Noninterest-bearing deposits | 23,657,000 | 22,986,000 | 23,924,000 | 28,417,000 |
| Equity capital | 18,245,000 | 18,904,000 | 19,175,000 | 19,175,000 |
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 | 1,600,000 | 3,247,000 | 4,754,000 | 6,091,000 |
| Interest expense | 382,000 | 704,000 | 968,000 | 1,184,000 |
| Net interest income | 1,218,000 | 2,543,000 | 3,786,000 | 4,907,000 |
| Noninterest income | 84,000 | 162,000 | 241,000 | 310,000 |
| Noninterest expense | 910,000 | 1,868,000 | 2,843,000 | 4,044,000 |
| Provision for loan losses | 0 | 20,000 | 30,000 | 30,000 |
| Pretax income | 393,000 | 832,000 | 1,169,000 | 1,165,000 |
| Income tax | 79,000 | 153,000 | 229,000 | 221,000 |
| Net income | 314,000 | 679,000 | 940,000 | 944,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,195,000 | 18,560,000 | 18,821,000 | 18,825,000 |