Call reports 2020
TRANSACT BANK, NATIONAL ASSOCIATION — 2020
What TRANSACT BANK, NATIONAL ASSOCIATION 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 | 24,261,000 | 24,487,000 | 21,965,000 | 21,153,000 |
| Total loans | 4,592,000 | 4,547,000 | 4,495,000 | 4,094,000 |
| Allowance for loan losses | 12,000 | 12,000 | 12,000 | 6,000 |
| Securities available for sale | 1,201,000 | 1,155,000 | 1,100,000 | 1,036,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,255,000 | 19,201,000 | 17,328,000 | 17,089,000 |
| Interest-bearing deposits | 1,972,000 | 2,389,000 | 2,064,000 | 1,927,000 |
| Noninterest-bearing deposits | 16,283,000 | 16,812,000 | 15,264,000 | 15,162,000 |
| Equity capital | 5,481,000 | 4,804,000 | 4,116,000 | 3,610,000 |
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 | 116,000 | 165,000 | 213,000 | 257,000 |
| Interest expense | 5,000 | 9,000 | 12,000 | 16,000 |
| Net interest income | 111,000 | 156,000 | 201,000 | 241,000 |
| Noninterest income | 217,000 | 435,000 | 681,000 | 896,000 |
| Noninterest expense | 957,000 | 1,897,000 | 2,875,000 | 3,641,000 |
| Provision for loan losses | 0 | 0 | 0 | -6,000 |
| Pretax income | -629,000 | -1,306,000 | -1,993,000 | -2,498,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -629,000 | -1,306,000 | -1,993,000 | -2,498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,447,000 | 4,770,000 | 4,083,000 | 3,578,000 |
| Total capital | 5,459,000 | 4,782,000 | 4,095,000 | 3,584,000 |
| Risk-weighted assets | 3,499,000 | 3,524,000 | 3,881,000 | 3,441,000 |