Call reports 2020
FINANCE FACTORS, LIMITED — 2020
What FINANCE FACTORS, LIMITED 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 | 596,542,000 | 591,356,000 | 565,517,000 | 589,003,000 |
| Total loans | 405,374,000 | 400,067,000 | 397,380,000 | 393,736,000 |
| Allowance for loan losses | 11,760,000 | 11,781,000 | 11,799,000 | 11,944,000 |
| Securities available for sale | 122,368,000 | 101,762,000 | 88,935,000 | 76,161,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 8,631,000 | 10,626,000 | 11,461,000 | 12,875,000 |
| Total deposits | 490,622,000 | 476,922,000 | 445,052,000 | 447,303,000 |
| Interest-bearing deposits | 490,295,000 | 476,111,000 | 444,641,000 | 446,446,000 |
| Noninterest-bearing deposits | 327,000 | 811,000 | 411,000 | 857,000 |
| Equity capital | 68,446,000 | 70,350,000 | 72,318,000 | 72,124,000 |
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 | 6,156,000 | 12,055,000 | 17,808,000 | 23,436,000 |
| Interest expense | 1,687,000 | 3,040,000 | 4,042,000 | 4,741,000 |
| Net interest income | 4,469,000 | 9,015,000 | 13,766,000 | 18,695,000 |
| Noninterest income | -2,988,000 | 6,000 | 2,402,000 | 5,504,000 |
| Noninterest expense | 4,151,000 | 8,621,000 | 13,147,000 | 18,668,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -2,670,000 | 400,000 | 3,021,000 | 5,531,000 |
| Income tax | -680,000 | 241,000 | 870,000 | 1,347,000 |
| Net income | -1,990,000 | 159,000 | 2,151,000 | 4,184,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,053,000 | 68,441,000 | 70,602,000 | 70,635,000 |
| Total capital | 71,192,000 | 73,567,000 | 75,626,000 | 75,684,000 |
| Risk-weighted assets | 404,461,000 | 403,419,000 | 395,113,000 | 396,944,000 |