Call reports 2021
UBANK — 2021
What UBANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 78,221,000 | 80,403,000 | 81,725,000 | 88,203,000 |
| Total loans | 54,178,000 | 46,236,000 | 44,168,000 | 59,801,000 |
| Allowance for loan losses | 570,000 | 679,000 | 588,000 | 816,000 |
| Securities available for sale | 6,059,000 | 6,146,000 | 6,117,000 | 6,838,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,101,000 | 66,266,000 | 66,536,000 | 73,487,000 |
| Interest-bearing deposits | 51,452,000 | 53,648,000 | 53,313,000 | 57,177,000 |
| Noninterest-bearing deposits | 12,649,000 | 12,618,000 | 13,223,000 | 16,310,000 |
| Equity capital | 13,218,000 | 13,194,000 | 14,216,000 | 13,798,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 762,000 | 1,456,000 | 2,152,000 | 2,957,000 |
| Interest expense | 89,000 | 173,000 | 254,000 | 333,000 |
| Net interest income | 673,000 | 1,283,000 | 1,898,000 | 2,624,000 |
| Noninterest income | 131,000 | 350,000 | 472,000 | 595,000 |
| Noninterest expense | 720,000 | 1,448,000 | 2,240,000 | 3,211,000 |
| Provision for loan losses | 15,000 | 130,000 | 145,000 | 410,000 |
| Pretax income | 69,000 | 55,000 | -15,000 | -398,000 |
| Income tax | 1,000 | 2,000 | 2,000 | -32,000 |
| Net income | 68,000 | 53,000 | -17,000 | -366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,132,000 | 13,117,000 | 14,147,000 | 13,798,000 |