Call reports 2020
M1 BANK — 2020
What M1 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 | 337,757,000 | 378,147,000 | 430,114,000 | 489,358,000 |
| Total loans | 240,215,000 | 285,114,000 | 303,949,000 | 361,874,000 |
| Allowance for loan losses | 2,213,000 | 2,213,000 | 2,280,000 | 2,737,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 305,140,000 | 344,165,000 | 393,602,000 | 446,848,000 |
| Interest-bearing deposits | 280,108,000 | 319,873,000 | 353,241,000 | 391,797,000 |
| Noninterest-bearing deposits | 25,032,000 | 24,292,000 | 40,361,000 | 55,051,000 |
| Equity capital | 31,565,000 | 32,753,000 | 34,863,000 | 40,562,000 |
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 | 3,881,000 | 8,112,000 | 12,772,000 | 18,956,000 |
| Interest expense | 1,198,000 | 2,296,000 | 3,492,000 | 4,599,000 |
| Net interest income | 2,683,000 | 5,816,000 | 9,280,000 | 14,357,000 |
| Noninterest income | 12,000 | 26,000 | 43,000 | 58,000 |
| Noninterest expense | 1,073,000 | 2,180,000 | 3,455,000 | 4,974,000 |
| Provision for loan losses | 0 | 0 | 69,000 | 529,000 |
| Pretax income | 1,622,000 | 3,662,000 | 5,799,000 | 8,912,000 |
| Income tax | 400,000 | 902,000 | 1,429,000 | 2,184,000 |
| Net income | 1,222,000 | 2,760,000 | 4,370,000 | 6,728,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,845,000 | 32,041,000 | 34,159,000 | 39,866,000 |