Call reports 2020
SARATOGA NATIONAL BANK AND TRUST COMPANY — 2020
What SARATOGA NATIONAL BANK AND TRUST COMPANY 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 | 687,407,000 | 764,054,000 | 799,359,000 | 815,782,000 |
| Total loans | 528,334,000 | 597,710,000 | 619,707,000 | 608,884,000 |
| Allowance for loan losses | 5,106,000 | 5,997,000 | 6,668,000 | 6,850,000 |
| Securities available for sale | 58,200,000 | 62,339,000 | 66,213,000 | 78,576,000 |
| Securities held to maturity | 26,670,000 | 26,280,000 | 26,539,000 | 26,372,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 600,032,000 | 673,324,000 | 699,114,000 | 721,995,000 |
| Interest-bearing deposits | 501,891,000 | 540,885,000 | 557,759,000 | 561,472,000 |
| Noninterest-bearing deposits | 98,141,000 | 132,439,000 | 141,355,000 | 160,523,000 |
| Equity capital | 64,350,000 | 66,610,000 | 69,216,000 | 72,613,000 |
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 | 6,032,000 | 12,311,000 | 18,678,000 | 25,397,000 |
| Interest expense | 1,318,000 | 2,172,000 | 2,848,000 | 3,343,000 |
| Net interest income | 4,714,000 | 10,139,000 | 15,830,000 | 22,054,000 |
| Noninterest income | 1,182,000 | 2,059,000 | 3,403,000 | 4,844,000 |
| Noninterest expense | 2,818,000 | 5,524,000 | 8,384,000 | 11,304,000 |
| Provision for loan losses | 862,000 | 1,823,000 | 2,526,000 | 2,763,000 |
| Pretax income | 2,216,000 | 4,851,000 | 8,323,000 | 12,829,000 |
| Income tax | 510,000 | 1,104,000 | 1,899,000 | 2,955,000 |
| Net income | 1,706,000 | 3,747,000 | 6,424,000 | 9,874,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,982,000 | 65,031,000 | 67,715,000 | 71,172,000 |
| Total capital | — | 71,028,000 | 74,383,000 | 78,022,000 |
| Risk-weighted assets | — | 540,985,000 | 550,779,000 | 548,027,000 |