Call reports 2020
ELEVATE BANK, NATIONAL ASSOCIATION — 2020
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 53,806,000 | 63,033,000 | 61,918,000 | 60,760,000 |
| Total loans | 29,099,000 | 28,811,000 | 27,300,000 | 28,060,000 |
| Allowance for loan losses | 583,000 | 594,000 | 608,000 | 610,000 |
| Securities available for sale | 11,470,000 | 10,493,000 | 9,785,000 | 12,293,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,735,000 | 55,662,000 | 54,672,000 | 53,680,000 |
| Interest-bearing deposits | 33,855,000 | 41,054,000 | 40,900,000 | 38,858,000 |
| Noninterest-bearing deposits | 12,880,000 | 14,608,000 | 13,772,000 | 14,822,000 |
| Equity capital | 6,835,000 | 7,040,000 | 6,955,000 | 6,826,000 |
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 | 520,000 | 1,021,000 | 1,474,000 | 1,921,000 |
| Interest expense | 92,000 | 163,000 | 233,000 | 289,000 |
| Net interest income | 428,000 | 858,000 | 1,241,000 | 1,632,000 |
| Noninterest income | 59,000 | 92,000 | 136,000 | 188,000 |
| Noninterest expense | 518,000 | 1,045,000 | 1,576,000 | 2,142,000 |
| Provision for loan losses | 100,000 | 150,000 | 150,000 | 150,000 |
| Pretax income | -126,000 | -239,000 | -343,000 | -463,000 |
| Income tax | 0 | 2,000 | 2,000 | 3,000 |
| Net income | -126,000 | -241,000 | -345,000 | -466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,940,000 | 6,825,000 | 6,721,000 | 6,600,000 |
| Total capital | 7,360,000 | — | — | — |
| Risk-weighted assets | 33,472,000 | — | — | — |