Call reports 2020
PORTAGE COMMUNITY BANK — 2020
What PORTAGE COMMUNITY 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 | 366,114,000 | 412,915,000 | 434,377,000 | 454,481,000 |
| Total loans | 268,037,000 | 289,845,000 | 294,246,000 | 280,116,000 |
| Allowance for loan losses | 2,982,000 | 2,961,000 | 2,934,000 | 3,023,000 |
| Securities available for sale | 63,187,000 | 67,380,000 | 71,530,000 | 76,308,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,706,000 | 344,631,000 | 362,115,000 | 381,612,000 |
| Interest-bearing deposits | 235,065,000 | 264,683,000 | 283,647,000 | 302,416,000 |
| Noninterest-bearing deposits | 63,641,000 | 79,948,000 | 78,468,000 | 79,196,000 |
| Equity capital | 44,702,000 | 45,966,000 | 46,827,000 | 47,599,000 |
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 | 3,584,000 | 7,255,000 | 10,907,000 | 14,535,000 |
| Interest expense | 767,000 | 1,476,000 | 2,143,000 | 2,739,000 |
| Net interest income | 2,817,000 | 5,779,000 | 8,764,000 | 11,796,000 |
| Noninterest income | 428,000 | 914,000 | 1,631,000 | 2,357,000 |
| Noninterest expense | 2,578,000 | 4,949,000 | 7,738,000 | 10,450,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 667,000 | 1,744,000 | 2,660,000 | 3,606,000 |
| Income tax | 109,000 | 269,000 | 411,000 | 597,000 |
| Net income | 558,000 | 1,475,000 | 2,249,000 | 3,009,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,504,000 | 44,423,000 | 45,197,000 | 45,956,000 |
| Total capital | 46,486,000 | 47,384,000 | 48,131,000 | 48,979,000 |
| Risk-weighted assets | 263,001,000 | 258,582,000 | 266,015,000 | 264,794,000 |