Call reports 2020
WEX BANK — 2020
What WEX 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 | 2,263,880,000 | 2,453,567,000 | 2,459,370,000 | 2,109,409,000 |
| Total loans | 1,772,414,000 | 1,608,480,000 | 1,795,635,000 | 1,707,237,000 |
| Allowance for loan losses | 13,533,000 | 14,136,000 | 7,677,000 | 11,566,000 |
| Securities available for sale | 637,000 | 630,000 | 559,000 | 544,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,853,055,000 | 2,051,312,000 | 1,985,957,000 | 1,681,169,000 |
| Interest-bearing deposits | 1,209,803,000 | 1,319,200,000 | 1,183,809,000 | 943,292,000 |
| Noninterest-bearing deposits | 643,252,000 | 732,112,000 | 802,148,000 | 737,877,000 |
| Equity capital | 265,058,000 | 280,018,000 | 310,986,000 | 287,576,000 |
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 | 138,561,000 | 246,150,000 | 366,174,000 | 491,191,000 |
| Interest expense | 8,205,000 | 14,528,000 | 19,606,000 | 23,130,000 |
| Net interest income | 130,356,000 | 231,622,000 | 346,568,000 | 468,061,000 |
| Noninterest income | 111,018,000 | 191,193,000 | 289,152,000 | 403,563,000 |
| Noninterest expense | 187,246,000 | 343,335,000 | 517,642,000 | 701,383,000 |
| Provision for loan losses | 7,333,000 | 17,319,000 | 16,534,000 | 24,420,000 |
| Pretax income | 47,191,000 | 62,768,000 | 102,151,000 | 146,353,000 |
| Income tax | 11,829,000 | 14,533,000 | 24,114,000 | 34,540,000 |
| Net income | 35,362,000 | 48,235,000 | 78,037,000 | 111,813,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 265,053,000 | 280,009,000 | 310,979,000 | 287,570,000 |
| Total capital | 278,586,000 | 294,145,000 | 318,656,000 | 299,136,000 |
| Risk-weighted assets | 2,023,794,000 | 1,845,243,000 | 2,024,773,000 | 1,989,353,000 |