Call reports 2021
ELEVATE BANK, NATIONAL ASSOCIATION — 2021
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 62,176,000 | 60,173,000 | 58,644,000 | 65,806,000 |
| Total loans | 27,202,000 | 26,867,000 | 25,912,000 | 24,753,000 |
| Allowance for loan losses | 608,000 | 609,000 | 594,000 | 594,000 |
| Securities available for sale | 12,610,000 | 11,546,000 | 10,540,000 | 12,544,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,308,000 | 53,361,000 | 51,829,000 | 59,119,000 |
| Interest-bearing deposits | 39,390,000 | 37,502,000 | 36,506,000 | 37,936,000 |
| Noninterest-bearing deposits | 15,918,000 | 15,859,000 | 15,323,000 | 21,183,000 |
| Equity capital | 6,636,000 | 6,603,000 | 6,637,000 | 6,502,000 |
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 | 425,000 | 858,000 | 1,284,000 | 1,688,000 |
| Interest expense | 47,000 | 96,000 | 138,000 | 175,000 |
| Net interest income | 378,000 | 762,000 | 1,146,000 | 1,513,000 |
| Noninterest income | 42,000 | 83,000 | 131,000 | 174,000 |
| Noninterest expense | 525,000 | 970,000 | 1,368,000 | 1,824,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -105,000 | -125,000 | -88,000 | -133,000 |
| Income tax | -10,000 | -10,000 | -10,000 | -10,000 |
| Net income | -95,000 | -115,000 | -78,000 | -123,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,505,000 | 6,485,000 | 6,522,000 | 6,477,000 |