Call reports 2020
SYNERGY BANK — 2020
What SYNERGY 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 | 571,730,000 | 665,790,000 | 665,486,000 | 671,516,000 |
| Total loans | 364,112,000 | 425,099,000 | 424,446,000 | 419,103,000 |
| Allowance for loan losses | 7,919,000 | 8,848,000 | 9,110,000 | 9,415,000 |
| Securities available for sale | 101,442,000 | 107,727,000 | 111,438,000 | 109,405,000 |
| Securities held to maturity | 37,836,000 | 36,150,000 | 37,809,000 | 47,896,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 503,135,000 | 593,552,000 | 592,017,000 | 597,838,000 |
| Interest-bearing deposits | 388,431,000 | 425,829,000 | 433,906,000 | 448,980,000 |
| Noninterest-bearing deposits | 114,704,000 | 167,723,000 | 158,111,000 | 148,858,000 |
| Equity capital | 66,371,000 | 69,170,000 | 70,912,000 | 70,159,000 |
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 | 6,233,000 | 12,841,000 | 19,245,000 | 25,778,000 |
| Interest expense | 1,117,000 | 2,088,000 | 3,027,000 | 3,786,000 |
| Net interest income | 5,116,000 | 10,753,000 | 16,218,000 | 21,992,000 |
| Noninterest income | 1,005,000 | 1,958,000 | 2,930,000 | 4,057,000 |
| Noninterest expense | 3,799,000 | 7,467,000 | 11,108,000 | 14,860,000 |
| Provision for loan losses | 252,000 | 706,000 | 1,000,000 | 1,525,000 |
| Pretax income | 2,070,000 | 4,538,000 | 7,040,000 | 9,664,000 |
| Income tax | 359,000 | 924,000 | 1,435,000 | 1,976,000 |
| Net income | 1,711,000 | 3,614,000 | 5,605,000 | 7,688,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,962,000 | 67,892,000 | 69,912,000 | 69,424,000 |