Call reports 2020
SHORE UNITED BANK, NATIONAL ASSOCIATION — 2020
What SHORE UNITED 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 | 1,570,843,000 | 1,718,945,000 | 1,827,220,000 | 1,932,470,000 |
| Total loans | 1,276,993,000 | 1,407,249,000 | 1,423,965,000 | 1,454,256,000 |
| Allowance for loan losses | 10,378,000 | 11,090,000 | 12,777,000 | 13,888,000 |
| Securities available for sale | 104,375,000 | 86,020,000 | 139,349,000 | 139,568,000 |
| Securities held to maturity | 8,687,000 | 11,710,000 | 20,174,000 | 65,706,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,354,544,000 | 1,508,703,000 | 1,617,765,000 | 1,717,357,000 |
| Interest-bearing deposits | 999,465,000 | 1,065,682,000 | 1,152,436,000 | 1,208,241,000 |
| Noninterest-bearing deposits | 355,079,000 | 443,021,000 | 465,329,000 | 509,116,000 |
| Equity capital | 187,774,000 | 193,830,000 | 197,394,000 | 201,462,000 |
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 | 14,687,000 | 29,280,000 | 44,182,000 | 59,677,000 |
| Interest expense | 2,169,000 | 3,730,000 | 5,202,000 | 6,558,000 |
| Net interest income | 12,518,000 | 25,550,000 | 38,980,000 | 53,119,000 |
| Noninterest income | 2,341,000 | 4,690,000 | 7,245,000 | 10,196,000 |
| Noninterest expense | 10,042,000 | 17,429,000 | 27,020,000 | 37,172,000 |
| Provision for loan losses | 350,000 | 1,350,000 | 2,850,000 | 3,900,000 |
| Pretax income | 4,468,000 | 11,840,000 | 16,736,000 | 22,617,000 |
| Income tax | 1,128,000 | 2,990,000 | 4,223,000 | 5,660,000 |
| Net income | 3,340,000 | 8,850,000 | 12,513,000 | 16,957,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 166,690,000 | 172,338,000 | 176,128,000 | 180,696,000 |
| Total capital | 177,369,000 | 183,729,000 | 189,206,000 | 194,885,000 |
| Risk-weighted assets | 1,280,620,000 | 1,299,692,000 | 1,323,392,000 | 1,367,544,000 |
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