Call reports 2020
FLAGSHIP BANK — 2020
What FLAGSHIP 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 | 163,609,000 | 256,705,000 | 299,699,000 | 299,393,000 |
| Total loans | 112,727,000 | 197,932,000 | 229,347,000 | 216,781,000 |
| Allowance for loan losses | 461,000 | 824,000 | 1,368,000 | 1,936,000 |
| Securities available for sale | 7,682,000 | 5,214,000 | 5,152,000 | 5,086,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,450,000 | 174,568,000 | 209,322,000 | 255,009,000 |
| Interest-bearing deposits | 93,720,000 | 101,547,000 | 132,504,000 | 155,419,000 |
| Noninterest-bearing deposits | 36,730,000 | 73,021,000 | 76,818,000 | 99,590,000 |
| Equity capital | 32,307,000 | 32,091,000 | 31,931,000 | 31,892,000 |
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 | 1,515,000 | 3,302,000 | 5,793,000 | 9,030,000 |
| Interest expense | 252,000 | 473,000 | 737,000 | 1,031,000 |
| Net interest income | 1,263,000 | 2,829,000 | 5,056,000 | 7,999,000 |
| Noninterest income | 97,000 | 170,000 | 248,000 | 370,000 |
| Noninterest expense | 1,622,000 | 3,263,000 | 5,284,000 | 7,890,000 |
| Provision for loan losses | 355,000 | 729,000 | 1,273,000 | 1,841,000 |
| Pretax income | -617,000 | -993,000 | -1,253,000 | -1,362,000 |
| Income tax | -148,000 | -252,000 | -306,000 | -329,000 |
| Net income | -469,000 | -741,000 | -947,000 | -1,033,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,617,000 | 22,357,000 | 22,322,000 | 22,241,000 |