Call reports 2020
FEDERATION BANK — 2020
What FEDERATION 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 | 138,954,000 | 139,583,000 | 146,443,000 | 154,814,000 |
| Total loans | 97,746,000 | 96,865,000 | 92,505,000 | 86,494,000 |
| Allowance for loan losses | 1,317,000 | 1,425,000 | 1,350,000 | 1,364,000 |
| Securities available for sale | 21,262,000 | 25,967,000 | 27,054,000 | 41,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,490,000 | 113,125,000 | 119,775,000 | 127,024,000 |
| Interest-bearing deposits | 96,946,000 | 91,798,000 | 97,970,000 | 103,706,000 |
| Noninterest-bearing deposits | 16,544,000 | 21,327,000 | 21,805,000 | 23,318,000 |
| Equity capital | 12,989,000 | 13,630,000 | 13,742,000 | 14,080,000 |
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 | 1,476,000 | 2,900,000 | 4,272,000 | 5,664,000 |
| Interest expense | 248,000 | 467,000 | 668,000 | 866,000 |
| Net interest income | 1,228,000 | 2,433,000 | 3,604,000 | 4,798,000 |
| Noninterest income | 155,000 | 312,000 | 496,000 | 699,000 |
| Noninterest expense | 976,000 | 1,951,000 | 2,973,000 | 3,926,000 |
| Provision for loan losses | 60,000 | 210,000 | 260,000 | 260,000 |
| Pretax income | 347,000 | 584,000 | 876,000 | 1,342,000 |
| Income tax | 15,000 | 25,000 | 38,000 | 59,000 |
| Net income | 332,000 | 559,000 | 838,000 | 1,283,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,052,000 | 11,970,000 | 12,045,000 | 12,389,000 |