Call reports 2020
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2020
What SEVERN SAVINGS BANK, FSB DBA SEVERN 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 | 853,686,000 | 913,830,000 | 936,487,000 | 949,911,000 |
| Total loans | 656,816,000 | 671,712,000 | 680,962,000 | 678,142,000 |
| Allowance for loan losses | 7,880,000 | 8,131,000 | 8,638,000 | 8,632,000 |
| Securities available for sale | 18,843,000 | 15,805,000 | 54,205,000 | 65,098,000 |
| Securities held to maturity | 22,735,000 | 21,309,000 | 19,707,000 | 15,943,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 694,515,000 | 753,244,000 | 788,025,000 | 811,930,000 |
| Interest-bearing deposits | 529,425,000 | 551,390,000 | 547,528,000 | 561,537,000 |
| Noninterest-bearing deposits | 165,090,000 | 201,854,000 | 240,498,000 | 250,394,000 |
| Equity capital | 118,995,000 | 120,094,000 | 121,025,000 | 122,582,000 |
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 | 8,899,000 | 17,248,000 | 25,174,000 | 33,852,000 |
| Interest expense | 1,966,000 | 3,519,000 | 4,809,000 | 5,800,000 |
| Net interest income | 6,933,000 | 13,729,000 | 20,365,000 | 28,052,000 |
| Noninterest income | 2,544,000 | 5,391,000 | 9,579,000 | 13,791,000 |
| Noninterest expense | 7,551,000 | 14,647,000 | 22,658,000 | 31,155,000 |
| Provision for loan losses | 750,000 | 750,000 | 850,000 | 900,000 |
| Pretax income | 1,176,000 | 3,723,000 | 6,436,000 | 9,788,000 |
| Income tax | 243,000 | 892,000 | 1,649,000 | 2,615,000 |
| Net income | 933,000 | 2,831,000 | 4,787,000 | 7,173,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 117,632,000 | 118,713,000 | 120,056,000 | 122,196,000 |