Call reports 2020
SPRING BANK — 2020
What SPRING 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 | 318,284,000 | 350,240,000 | 355,930,000 | 356,599,000 |
| Total loans | 261,323,000 | 289,774,000 | 299,850,000 | 303,980,000 |
| Allowance for loan losses | 3,701,000 | 4,076,000 | 4,316,000 | 4,389,000 |
| Securities available for sale | 18,784,000 | 17,235,000 | 16,554,000 | 16,293,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,472,000 | 270,423,000 | 276,524,000 | 277,569,000 |
| Interest-bearing deposits | 217,195,000 | 226,988,000 | 233,197,000 | 234,446,000 |
| Noninterest-bearing deposits | 27,277,000 | 43,435,000 | 43,327,000 | 43,123,000 |
| Equity capital | 37,528,000 | 38,707,000 | 39,780,000 | 40,150,000 |
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 | 3,806,000 | 7,710,000 | 11,398,000 | 15,170,000 |
| Interest expense | 1,209,000 | 2,221,000 | 3,134,000 | 3,948,000 |
| Net interest income | 2,597,000 | 5,489,000 | 8,264,000 | 11,222,000 |
| Noninterest income | 73,000 | 136,000 | 208,000 | 287,000 |
| Noninterest expense | 1,242,000 | 2,461,000 | 3,693,000 | 4,985,000 |
| Provision for loan losses | 240,000 | 615,000 | 855,000 | 975,000 |
| Pretax income | 1,188,000 | 2,549,000 | 3,924,000 | 5,549,000 |
| Income tax | 271,000 | 589,000 | 915,000 | 1,313,000 |
| Net income | 917,000 | 1,960,000 | 3,009,000 | 4,236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,349,000 | 38,454,000 | 39,550,000 | 39,955,000 |