Call reports 2020
UBANK — 2020
What UBANK 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 | 66,411,000 | 74,639,000 | 75,475,000 | 78,620,000 |
| Total loans | 47,492,000 | 57,152,000 | 57,707,000 | 55,978,000 |
| Allowance for loan losses | 579,000 | 588,000 | 495,000 | 676,000 |
| Securities available for sale | 9,222,000 | 7,601,000 | 7,174,000 | 6,503,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,318,000 | 58,798,000 | 59,483,000 | 63,059,000 |
| Interest-bearing deposits | 48,029,000 | 48,385,000 | 49,002,000 | 48,509,000 |
| Noninterest-bearing deposits | 8,289,000 | 10,413,000 | 10,481,000 | 14,550,000 |
| Equity capital | 9,230,000 | 9,532,000 | 9,775,000 | 9,652,000 |
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 | 816,000 | 1,663,000 | 2,600,000 | 3,552,000 |
| Interest expense | 124,000 | 241,000 | 350,000 | 450,000 |
| Net interest income | 692,000 | 1,422,000 | 2,250,000 | 3,102,000 |
| Noninterest income | 126,000 | 242,000 | 369,000 | 516,000 |
| Noninterest expense | 654,000 | 1,350,000 | 1,925,000 | 2,635,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 205,000 |
| Pretax income | 149,000 | 284,000 | 649,000 | 778,000 |
| Income tax | 11,000 | 22,000 | 33,000 | 44,000 |
| Net income | 138,000 | 262,000 | 616,000 | 734,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,372,000 | 9,395,000 | 9,647,000 | 9,537,000 |