Call reports 2020
SOUND COMMUNITY BANK — 2020
What SOUND COMMUNITY 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 | 737,820,000 | 871,883,000 | 867,748,000 | 861,615,000 |
| Total loans | 631,298,000 | 698,067,000 | 705,498,000 | 624,966,000 |
| Allowance for loan losses | 5,893,000 | 6,031,000 | 5,988,000 | 6,000,000 |
| Securities available for sale | 11,236,000 | 10,197,000 | 13,296,000 | 10,218,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 639,182,000 | 698,527,000 | 759,512,000 | 757,539,000 |
| Interest-bearing deposits | 524,427,000 | 551,830,000 | 596,602,000 | 615,481,000 |
| Noninterest-bearing deposits | 114,755,000 | 146,697,000 | 162,910,000 | 142,058,000 |
| Equity capital | 76,425,000 | 78,854,000 | 86,807,000 | 90,568,000 |
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 | 8,693,000 | 17,462,000 | 26,047,000 | 35,140,000 |
| Interest expense | 1,918,000 | 3,730,000 | 5,556,000 | 7,261,000 |
| Net interest income | 6,775,000 | 13,732,000 | 20,491,000 | 27,879,000 |
| Noninterest income | 662,000 | 2,174,000 | 4,172,000 | 7,239,000 |
| Noninterest expense | 5,762,000 | 10,939,000 | 16,429,000 | 22,102,000 |
| Provision for loan losses | 250,000 | 650,000 | 925,000 | 925,000 |
| Pretax income | 1,425,000 | 4,317,000 | 7,309,000 | 12,091,000 |
| Income tax | 299,000 | 887,000 | 1,485,000 | 2,551,000 |
| Net income | 1,126,000 | 3,430,000 | 5,824,000 | 9,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,341,000 | 77,672,000 | 85,636,000 | 89,423,000 |