Call reports 2020
WELLINGTON STATE BANK — 2020
What WELLINGTON STATE 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 | 442,505,000 | 461,006,000 | 458,874,000 | 499,529,000 |
| Total loans | 263,934,000 | 278,860,000 | 294,600,000 | 285,250,000 |
| Allowance for loan losses | 3,030,000 | 3,260,000 | 3,534,000 | 3,573,000 |
| Securities available for sale | 101,466,000 | 107,247,000 | 107,569,000 | 150,719,000 |
| Securities held to maturity | 1,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 384,015,000 | 401,914,000 | 398,958,000 | 439,201,000 |
| Interest-bearing deposits | 264,623,000 | 268,467,000 | 270,000,000 | 296,206,000 |
| Noninterest-bearing deposits | 119,392,000 | 133,447,000 | 128,958,000 | 142,995,000 |
| Equity capital | 52,191,000 | 52,585,000 | 52,976,000 | 54,050,000 |
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 | 4,580,000 | 9,301,000 | 13,707,000 | 18,161,000 |
| Interest expense | 532,000 | 969,000 | 1,337,000 | 1,688,000 |
| Net interest income | 4,048,000 | 8,332,000 | 12,370,000 | 16,473,000 |
| Noninterest income | 562,000 | 961,000 | 1,493,000 | 1,959,000 |
| Noninterest expense | 3,601,000 | 7,187,000 | 10,949,000 | 14,205,000 |
| Provision for loan losses | 233,000 | 838,000 | 1,104,000 | 1,259,000 |
| Pretax income | 791,000 | 1,290,000 | 1,866,000 | 3,089,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 791,000 | 1,290,000 | 1,866,000 | 3,089,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,164,000 | 47,159,000 | 47,740,000 | 48,949,000 |
| Total capital | 50,194,000 | 50,419,000 | 51,274,000 | 52,522,000 |
| Risk-weighted assets | 338,059,000 | 365,340,000 | 377,397,000 | 384,603,000 |