Call reports 2020
SOMERSET REGAL BANK — 2020
What SOMERSET REGAL 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 | 593,520,000 | 610,104,000 | 609,567,000 | 621,164,000 |
| Total loans | 335,740,000 | 329,020,000 | 313,316,000 | 306,162,000 |
| Allowance for loan losses | 966,000 | 1,116,000 | 1,116,000 | 1,116,000 |
| Securities available for sale | 71,629,000 | 68,130,000 | 62,448,000 | 57,047,000 |
| Securities held to maturity | 88,758,000 | 82,743,000 | 118,625,000 | 148,004,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 468,793,000 | 485,192,000 | 484,354,000 | 495,919,000 |
| Interest-bearing deposits | 432,387,000 | 443,577,000 | 445,535,000 | 456,328,000 |
| Noninterest-bearing deposits | 36,406,000 | 41,615,000 | 38,819,000 | 39,591,000 |
| Equity capital | 120,888,000 | 121,012,000 | 121,139,000 | 121,205,000 |
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 | 4,016,000 | 7,620,000 | 11,020,000 | 14,266,000 |
| Interest expense | 851,000 | 1,649,000 | 2,379,000 | 2,989,000 |
| Net interest income | 3,165,000 | 5,971,000 | 8,641,000 | 11,277,000 |
| Noninterest income | 241,000 | 472,000 | 760,000 | 1,055,000 |
| Noninterest expense | 2,656,000 | 5,377,000 | 8,101,000 | 10,936,000 |
| Provision for loan losses | 50,000 | 200,000 | 200,000 | 200,000 |
| Pretax income | 700,000 | 866,000 | 1,111,000 | 1,211,000 |
| Income tax | 169,000 | 130,000 | 134,000 | 102,000 |
| Net income | 531,000 | 736,000 | 977,000 | 1,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,220,000 | 122,425,000 | 122,667,000 | 122,799,000 |
| Total capital | 123,190,000 | 123,541,000 | — | — |
| Risk-weighted assets | 259,792,000 | 270,079,000 | — | — |