Call reports 2021
SQUARE FINANCIAL SERVICES, INC. — 2021
What SQUARE FINANCIAL SERVICES, INC. reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 66,225,000 | 125,430,000 | 163,933,000 | 220,336,000 |
| Total loans | 0 | 38,612,000 | 92,878,000 | 113,740,000 |
| Allowance for loan losses | 0 | 601,000 | 2,142,000 | 3,716,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,011,000 | 53,057,000 | 70,891,000 | 83,104,000 |
| Interest-bearing deposits | 5,011,000 | 48,069,000 | 69,891,000 | 83,104,000 |
| Noninterest-bearing deposits | 0 | 4,989,000 | 1,000,000 | 0 |
| Equity capital | 55,830,000 | 61,402,000 | 73,200,000 | 109,504,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,000 | 2,020,000 | 9,175,000 | 19,710,000 |
| Interest expense | 0 | 11,000 | 48,000 | 100,000 |
| Net interest income | 5,000 | 2,009,000 | 9,127,000 | 19,610,000 |
| Noninterest income | 1,367,000 | 15,528,000 | 44,392,000 | 90,760,000 |
| Noninterest expense | 1,522,000 | 12,532,000 | 30,359,000 | 53,781,000 |
| Provision for loan losses | 0 | 601,000 | 2,142,000 | 3,759,000 |
| Pretax income | -150,000 | 4,404,000 | 21,018,000 | 52,830,000 |
| Income tax | 25,000 | 50,000 | 6,588,000 | 13,942,000 |
| Net income | -175,000 | 4,354,000 | 14,430,000 | 38,888,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,830,000 | 61,402,000 | 73,200,000 | 109,504,000 |
| Total capital | 55,830,000 | 62,003,000 | 74,530,000 | 110,962,000 |
| Risk-weighted assets | 2,494,000 | 53,596,000 | 105,587,000 | 114,348,000 |