Call reports 2020
NORTHERN STATE BANK OF VIRGINIA — 2020
What NORTHERN STATE BANK OF VIRGINIA 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 | 74,328,000 | 84,722,000 | 84,215,000 | 85,024,000 |
| Total loans | 57,472,000 | 60,505,000 | 59,199,000 | 54,414,000 |
| Allowance for loan losses | 517,000 | 517,000 | 517,000 | 517,000 |
| Securities available for sale | 5,181,000 | 4,741,000 | 11,704,000 | 16,033,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,533,000 | 75,520,000 | 74,823,000 | 75,729,000 |
| Interest-bearing deposits | 51,750,000 | 53,625,000 | 53,749,000 | 57,569,000 |
| Noninterest-bearing deposits | 13,783,000 | 21,895,000 | 21,074,000 | 18,160,000 |
| Equity capital | 8,689,000 | 8,826,000 | 9,010,000 | 9,077,000 |
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 | 871,000 | 1,698,000 | 2,542,000 | 3,403,000 |
| Interest expense | 72,000 | 138,000 | 192,000 | 240,000 |
| Net interest income | 799,000 | 1,560,000 | 2,350,000 | 3,163,000 |
| Noninterest income | 34,000 | 65,000 | 122,000 | 186,000 |
| Noninterest expense | 651,000 | 1,200,000 | 1,730,000 | 2,459,000 |
| Provision for loan losses | 4,000 | 4,000 | 4,000 | 4,000 |
| Pretax income | 178,000 | 421,000 | 738,000 | 886,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 178,000 | 421,000 | 738,000 | 886,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,077,000 | 7,252,000 | 7,502,000 | 7,584,000 |
| Total capital | 7,594,000 | 7,769,000 | 8,019,000 | — |
| Risk-weighted assets | 52,015,000 | 56,069,000 | 54,537,000 | — |