Call reports 2020
BERKSHIRE BANK — 2020
What BERKSHIRE 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 | 13,104,443,000 | 13,055,743,000 | 12,607,803,000 | 12,831,337,000 |
| Total loans | 9,433,152,000 | 9,442,759,000 | 8,999,932,000 | 8,399,866,000 |
| Allowance for loan losses | 113,510,000 | 139,394,000 | 134,414,000 | 127,302,000 |
| Securities available for sale | 1,403,858,000 | 1,458,036,000 | 1,575,287,000 | 1,695,232,000 |
| Securities held to maturity | 336,802,000 | 334,895,000 | 330,197,000 | 465,091,000 |
| Trading assets | 192,373,000 | 198,659,000 | 189,151,000 | 169,459,000 |
| Total deposits | 10,184,939,000 | 10,891,820,000 | 10,561,436,000 | 10,924,105,000 |
| Interest-bearing deposits | 8,149,135,000 | 8,202,058,000 | 7,881,294,000 | 8,241,355,000 |
| Noninterest-bearing deposits | 2,035,804,000 | 2,689,762,000 | 2,680,142,000 | 2,682,750,000 |
| Equity capital | 1,677,932,000 | 1,153,194,000 | 1,175,904,000 | 1,190,644,000 |
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 | 116,176,000 | 219,847,000 | 317,597,000 | 409,712,000 |
| Interest expense | 28,221,000 | 52,799,000 | 72,060,000 | 87,012,000 |
| Net interest income | 87,955,000 | 167,048,000 | 245,537,000 | 322,700,000 |
| Noninterest income | 10,579,000 | 23,965,000 | 42,008,000 | 59,221,000 |
| Noninterest expense | 68,623,000 | 667,010,000 | 736,428,000 | 805,242,000 |
| Provision for loan losses | 34,975,000 | 64,874,000 | 66,091,000 | 76,083,000 |
| Pretax income | -10,532,000 | -545,718,000 | -520,644,000 | -503,474,000 |
| Income tax | -1,050,000 | -14,175,000 | -13,677,000 | -15,454,000 |
| Net income | -17,280,000 | -545,677,000 | -522,919,000 | -507,862,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,107,670,000 | 1,112,741,000 | 1,133,952,000 | 1,148,205,000 |
| Total capital | 1,188,289,000 | 1,212,659,000 | 1,231,588,000 | 1,243,287,000 |
| Risk-weighted assets | 9,414,212,000 | 8,866,661,000 | 8,622,035,000 | 8,292,863,000 |