Call reports 2020
ULSTER SAVINGS BANK — 2020
What ULSTER SAVINGS 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 | 976,506,000 | 1,092,225,000 | 1,133,556,000 | 1,173,014,000 |
| Total loans | 804,251,000 | 811,322,000 | 793,536,000 | 777,262,000 |
| Allowance for loan losses | 9,497,000 | 10,018,000 | 10,538,000 | 10,933,000 |
| Securities available for sale | 66,613,000 | 66,658,000 | 127,301,000 | 116,311,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 863,210,000 | 978,527,000 | 1,017,303,000 | 1,053,352,000 |
| Interest-bearing deposits | 730,475,000 | 802,745,000 | 832,963,000 | 866,905,000 |
| Noninterest-bearing deposits | 132,735,000 | 175,782,000 | 184,340,000 | 186,447,000 |
| Equity capital | 108,933,000 | 109,445,000 | 111,182,000 | 113,477,000 |
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 | 9,268,000 | 17,622,000 | 26,287,000 | 34,735,000 |
| Interest expense | 1,642,000 | 3,233,000 | 4,820,000 | 6,260,000 |
| Net interest income | 7,626,000 | 14,389,000 | 21,467,000 | 28,475,000 |
| Noninterest income | 4,643,000 | 8,846,000 | 14,707,000 | 20,283,000 |
| Noninterest expense | 9,332,000 | 18,721,000 | 28,129,000 | 38,209,000 |
| Provision for loan losses | 782,000 | 1,507,000 | 2,137,000 | 2,783,000 |
| Pretax income | 2,155,000 | 3,421,000 | 6,322,000 | 8,180,000 |
| Income tax | 425,000 | 662,000 | 1,242,000 | 849,000 |
| Net income | 1,730,000 | 2,759,000 | 5,080,000 | 7,331,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 104,112,000 | 105,146,000 | 107,472,000 | 109,034,000 |
| Total capital | 113,029,000 | 114,355,000 | 116,976,000 | 118,456,000 |
| Risk-weighted assets | 712,835,000 | 735,900,000 | 759,276,000 | 752,273,000 |