Call reports 2020
VALLEY REPUBLIC BANK — 2020
What VALLEY REPUBLIC 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 | 955,041,000 | 1,218,857,000 | 1,193,970,000 | 1,235,066,000 |
| Total loans | 642,323,000 | 857,264,000 | 864,961,000 | 849,226,000 |
| Allowance for loan losses | 8,724,000 | 9,424,000 | 10,024,000 | 10,624,000 |
| Securities available for sale | 150,379,000 | 154,743,000 | 210,504,000 | 208,101,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 842,971,000 | 1,060,391,000 | 1,045,141,000 | 1,086,494,000 |
| Interest-bearing deposits | 541,403,000 | 653,854,000 | 658,480,000 | 702,139,000 |
| Noninterest-bearing deposits | 301,568,000 | 406,538,000 | 386,661,000 | 384,355,000 |
| Equity capital | 99,542,000 | 104,566,000 | 126,344,000 | 130,919,000 |
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 | 8,650,000 | 17,335,000 | 26,613,000 | 36,884,000 |
| Interest expense | 1,102,000 | 1,648,000 | 2,132,000 | 2,552,000 |
| Net interest income | 7,548,000 | 15,687,000 | 24,481,000 | 34,332,000 |
| Noninterest income | 373,000 | 1,123,000 | 1,741,000 | 2,432,000 |
| Noninterest expense | 4,121,000 | 8,015,000 | 12,138,000 | 16,666,000 |
| Provision for loan losses | 375,000 | 1,075,000 | 1,675,000 | 2,275,000 |
| Pretax income | 3,412,000 | 8,795,000 | 13,484,000 | 18,930,000 |
| Income tax | 918,000 | 2,389,000 | 3,663,000 | 5,158,000 |
| Net income | 2,494,000 | 6,406,000 | 9,821,000 | 13,772,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 97,827,000 | 101,941,000 | 123,100,000 | 127,285,000 |
| Total capital | 106,756,000 | — | — | — |
| Risk-weighted assets | 798,455,000 | — | — | — |