Call reports 2020
SOLON STATE BANK — 2020
What SOLON STATE 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 | 96,593,000 | 106,703,000 | 112,727,000 | 118,237,000 |
| Total loans | 59,199,000 | 61,461,000 | 61,088,000 | 57,651,000 |
| Allowance for loan losses | 475,000 | 475,000 | 473,000 | 473,000 |
| Securities available for sale | 30,595,000 | 33,364,000 | 34,117,000 | 38,424,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,272,000 | 79,937,000 | 85,487,000 | 90,923,000 |
| Interest-bearing deposits | 52,318,000 | 58,101,000 | 63,188,000 | 66,920,000 |
| Noninterest-bearing deposits | 17,954,000 | 21,836,000 | 22,299,000 | 24,003,000 |
| Equity capital | 25,637,000 | 26,066,000 | 26,565,000 | 26,721,000 |
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 | 1,231,000 | 2,583,000 | 3,819,000 | 5,073,000 |
| Interest expense | 102,000 | 200,000 | 284,000 | 365,000 |
| Net interest income | 1,129,000 | 2,383,000 | 3,535,000 | 4,708,000 |
| Noninterest income | 101,000 | 118,000 | 203,000 | 294,000 |
| Noninterest expense | 574,000 | 1,223,000 | 1,778,000 | 2,483,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 656,000 | 1,278,000 | 1,960,000 | 2,519,000 |
| Income tax | 36,000 | 72,000 | 108,000 | 127,000 |
| Net income | 620,000 | 1,206,000 | 1,852,000 | 2,392,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,913,000 | 23,750,000 | 24,023,000 | 24,188,000 |