Call reports 2020
LAKE AREA BANK — 2020
What LAKE AREA 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 | 362,684,000 | 421,300,000 | 430,402,000 | 442,475,000 |
| Total loans | 257,504,000 | 283,017,000 | 304,603,000 | 308,004,000 |
| Allowance for loan losses | 2,090,000 | 2,479,000 | 2,926,000 | 2,955,000 |
| Securities available for sale | 68,122,000 | 79,503,000 | 88,468,000 | 95,111,000 |
| Securities held to maturity | 33,000 | 33,000 | 34,000 | 34,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,614,000 | 325,673,000 | 328,003,000 | 322,686,000 |
| Interest-bearing deposits | 225,601,000 | 231,337,000 | 235,443,000 | 234,096,000 |
| Noninterest-bearing deposits | 71,013,000 | 94,336,000 | 92,560,000 | 88,590,000 |
| Equity capital | 40,792,000 | 46,040,000 | 50,444,000 | 51,317,000 |
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 | 3,854,000 | 9,240,000 | 13,519,000 | 18,200,000 |
| Interest expense | 615,000 | 1,176,000 | 1,597,000 | 1,944,000 |
| Net interest income | 3,239,000 | 8,064,000 | 11,922,000 | 16,256,000 |
| Noninterest income | 3,693,000 | 9,785,000 | 17,935,000 | 26,460,000 |
| Noninterest expense | 4,716,000 | 10,611,000 | 18,275,000 | 26,626,000 |
| Provision for loan losses | 262,000 | 1,073,000 | 1,518,000 | 1,668,000 |
| Pretax income | 2,319,000 | 6,530,000 | 10,429,000 | 14,787,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,319,000 | 6,530,000 | 10,429,000 | 14,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,722,000 | 40,142,000 | 43,717,000 | 44,060,000 |
| Total capital | 38,812,000 | 42,621,000 | 46,643,000 | 47,015,000 |
| Risk-weighted assets | 353,317,000 | 339,314,000 | 409,937,000 | 448,322,000 |