Call reports 2020
FARMINGTON STATE BANK — 2020
What FARMINGTON 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 | 10,328,000 | 10,320,000 | 13,224,000 | 14,897,000 |
| Total loans | 4,175,000 | 4,925,000 | 5,321,000 | 4,362,000 |
| Allowance for loan losses | 93,000 | 93,000 | 93,000 | 0 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 92,000 | 75,000 | 75,000 | 75,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,631,000 | 8,622,000 | 8,520,000 | 8,944,000 |
| Interest-bearing deposits | 7,002,000 | 6,794,000 | 6,724,000 | 6,498,000 |
| Noninterest-bearing deposits | 1,629,000 | 1,828,000 | 1,796,000 | 2,446,000 |
| Equity capital | 1,696,000 | 1,698,000 | 4,705,000 | 5,953,000 |
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 | 79,000 | 146,000 | 222,000 | 295,000 |
| Interest expense | 5,000 | 8,000 | 10,000 | 17,000 |
| Net interest income | 74,000 | 138,000 | 212,000 | 278,000 |
| Noninterest income | 1,000 | 1,000 | 3,000 | 2,000 |
| Noninterest expense | 70,000 | 132,000 | 197,000 | 336,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 5,000 | 7,000 | 18,000 | -56,000 |
| Income tax | 0 | 1,000 | 4,000 | 4,000 |
| Net income | 5,000 | 6,000 | 14,000 | -60,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,696,000 | 1,698,000 | 4,705,000 | 4,650,000 |
| Total capital | 1,740,000 | — | — | — |
| Risk-weighted assets | 3,491,000 | — | — | — |