Call reports 2020
GRANITE BANK — 2020
What GRANITE 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 | 114,764,000 | 149,963,000 | 151,196,000 | 147,458,000 |
| Total loans | 97,558,000 | 126,353,000 | 126,892,000 | 122,113,000 |
| Allowance for loan losses | 1,015,000 | 1,288,000 | 1,318,000 | 1,348,000 |
| Securities available for sale | 7,899,000 | 7,597,000 | 8,490,000 | 9,745,000 |
| Securities held to maturity | 410,000 | 410,000 | 358,000 | 358,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,933,000 | 124,960,000 | 128,891,000 | 127,448,000 |
| Interest-bearing deposits | 74,793,000 | 91,043,000 | 90,754,000 | 86,920,000 |
| Noninterest-bearing deposits | 28,140,000 | 33,917,000 | 38,137,000 | 40,528,000 |
| Equity capital | 10,688,000 | 11,192,000 | 11,587,000 | 11,613,000 |
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 | 1,386,000 | 3,458,000 | 4,963,000 | 6,204,000 |
| Interest expense | 239,000 | 459,000 | 644,000 | 795,000 |
| Net interest income | 1,147,000 | 2,999,000 | 4,319,000 | 5,409,000 |
| Noninterest income | 206,000 | 469,000 | 788,000 | 1,082,000 |
| Noninterest expense | 898,000 | 1,870,000 | 2,853,000 | 3,947,000 |
| Provision for loan losses | 30,000 | 310,000 | 340,000 | 370,000 |
| Pretax income | 425,000 | 1,309,000 | 1,914,000 | 2,174,000 |
| Income tax | 101,000 | 328,000 | 484,000 | 544,000 |
| Net income | 324,000 | 981,000 | 1,430,000 | 1,630,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,401,000 | 10,854,000 | 11,425,000 | 11,400,000 |
| Total capital | 11,416,000 | 12,142,000 | 12,743,000 | 12,737,000 |
| Risk-weighted assets | 107,557,000 | 111,637,000 | 108,759,000 | 107,016,000 |