Call reports 2020
COGENT BANK — 2020
What COGENT 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 | 338,071,000 | 588,249,000 | 634,809,000 | 697,446,000 |
| Total loans | 259,221,000 | 421,650,000 | 466,812,000 | 544,188,000 |
| Allowance for loan losses | 2,853,000 | 3,138,000 | 3,715,000 | 4,696,000 |
| Securities available for sale | 65,503,000 | 96,876,000 | 113,539,000 | 113,951,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 277,383,000 | 377,446,000 | 422,294,000 | 477,976,000 |
| Interest-bearing deposits | 204,309,000 | 237,363,000 | 278,622,000 | 318,974,000 |
| Noninterest-bearing deposits | 73,074,000 | 140,083,000 | 143,672,000 | 159,002,000 |
| Equity capital | 38,555,000 | 42,455,000 | 43,449,000 | 63,865,000 |
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 | 3,639,000 | 8,157,000 | 13,310,000 | 19,513,000 |
| Interest expense | 711,000 | 1,357,000 | 2,034,000 | 2,762,000 |
| Net interest income | 2,928,000 | 6,800,000 | 11,276,000 | 16,751,000 |
| Noninterest income | 567,000 | 1,267,000 | 2,167,000 | 2,994,000 |
| Noninterest expense | 3,481,000 | 6,863,000 | 11,231,000 | 16,008,000 |
| Provision for loan losses | 37,000 | 316,000 | 884,000 | 1,862,000 |
| Pretax income | -23,000 | 930,000 | 1,537,000 | 2,286,000 |
| Income tax | -6,000 | 236,000 | 385,000 | 579,000 |
| Net income | -17,000 | 694,000 | 1,152,000 | 1,707,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,360,000 | 38,402,000 | 39,207,000 | 60,505,000 |
| Total capital | 40,213,000 | 41,540,000 | 42,922,000 | 65,201,000 |
| Risk-weighted assets | 288,114,000 | 281,755,000 | 323,184,000 | 405,839,000 |