Call reports 2020
BANK OF MAGNOLIA COMPANY, THE — 2020
What BANK OF MAGNOLIA COMPANY, 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 | 80,515,000 | 91,277,000 | 91,914,000 | 89,262,000 |
| Total loans | 38,579,000 | 43,363,000 | 45,407,000 | 43,291,000 |
| Allowance for loan losses | 551,000 | 551,000 | 551,000 | 611,000 |
| Securities available for sale | 15,549,000 | 15,890,000 | 15,972,000 | 15,298,000 |
| Securities held to maturity | 1,661,000 | 1,408,000 | 1,157,000 | 655,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,633,000 | 78,886,000 | 79,274,000 | 77,534,000 |
| Interest-bearing deposits | 48,855,000 | 52,374,000 | 54,806,000 | 51,005,000 |
| Noninterest-bearing deposits | 20,778,000 | 26,512,000 | 24,468,000 | 26,529,000 |
| Equity capital | 9,981,000 | 10,518,000 | 10,791,000 | 10,616,000 |
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 | 725,000 | 1,697,000 | 2,409,000 | 3,124,000 |
| Interest expense | 38,000 | 64,000 | 82,000 | 93,000 |
| Net interest income | 687,000 | 1,633,000 | 2,327,000 | 3,031,000 |
| Noninterest income | 87,000 | 158,000 | 390,000 | 461,000 |
| Noninterest expense | 565,000 | 1,148,000 | 1,778,000 | 2,543,000 |
| Provision for loan losses | 0 | 0 | 0 | 60,000 |
| Pretax income | 218,000 | 731,000 | 1,087,000 | 939,000 |
| Income tax | 35,000 | 108,000 | 143,000 | 148,000 |
| Net income | 183,000 | 623,000 | 944,000 | 791,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,790,000 | 10,439,000 | 10,508,000 | 10,607,000 |
| Total capital | 10,298,000 | 10,930,000 | 11,029,000 | 11,136,000 |
| Risk-weighted assets | 40,597,000 | 39,232,000 | 41,670,000 | 42,265,000 |