Call reports 2020
ITASCA BANK & TRUST CO. — 2020
What ITASCA BANK & TRUST CO. 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 | 567,802,000 | 685,689,000 | 696,246,000 | 692,458,000 |
| Total loans | 383,940,000 | 455,211,000 | 468,753,000 | 469,407,000 |
| Allowance for loan losses | 5,414,000 | 6,051,000 | 6,657,000 | 6,846,000 |
| Securities available for sale | 136,682,000 | 187,742,000 | 182,141,000 | 185,426,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 507,287,000 | 591,874,000 | 591,858,000 | 592,033,000 |
| Interest-bearing deposits | 352,258,000 | 385,651,000 | 384,573,000 | 388,684,000 |
| Noninterest-bearing deposits | 155,029,000 | 206,223,000 | 207,285,000 | 203,349,000 |
| Equity capital | 57,178,000 | 61,281,000 | 62,998,000 | 63,494,000 |
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 | 5,990,000 | 12,269,000 | 18,738,000 | 25,195,000 |
| Interest expense | 785,000 | 1,432,000 | 1,990,000 | 2,449,000 |
| Net interest income | 5,205,000 | 10,837,000 | 16,748,000 | 22,746,000 |
| Noninterest income | 716,000 | 1,383,000 | 2,082,000 | 2,829,000 |
| Noninterest expense | 3,906,000 | 7,646,000 | 11,613,000 | 15,621,000 |
| Provision for loan losses | 138,000 | 876,000 | 1,476,000 | 2,126,000 |
| Pretax income | 2,309,000 | 4,144,000 | 6,200,000 | 8,312,000 |
| Income tax | 620,000 | 1,091,000 | 1,631,000 | 2,181,000 |
| Net income | 1,689,000 | 3,053,000 | 4,569,000 | 6,131,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,654,000 | 57,343,000 | 58,108,000 | 58,717,000 |