Call reports 2020
GATE CITY BANK — 2020
What GATE CITY 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 | 2,488,904,000 | 2,583,245,000 | 2,632,158,000 | 2,774,625,000 |
| Total loans | 2,151,547,000 | 2,240,164,000 | 2,214,184,000 | 2,177,570,000 |
| Allowance for loan losses | 14,382,000 | 15,984,000 | 16,660,000 | 15,995,000 |
| Securities available for sale | 73,164,000 | 106,268,000 | 135,524,000 | 135,792,000 |
| Securities held to maturity | 5,150,000 | 5,107,000 | 5,064,000 | 5,020,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,009,271,000 | 2,232,937,000 | 2,267,876,000 | 2,399,710,000 |
| Interest-bearing deposits | 1,753,040,000 | 1,914,878,000 | 1,930,887,000 | 2,051,699,000 |
| Noninterest-bearing deposits | 256,231,000 | 318,059,000 | 336,989,000 | 348,011,000 |
| Equity capital | 272,508,000 | 277,887,000 | 288,795,000 | 292,633,000 |
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 | 21,093,000 | 42,545,000 | 64,120,000 | 85,971,000 |
| Interest expense | 2,440,000 | 4,473,000 | 6,247,000 | 7,898,000 |
| Net interest income | 18,653,000 | 38,072,000 | 57,873,000 | 78,073,000 |
| Noninterest income | 15,671,000 | 30,913,000 | 52,860,000 | 71,293,000 |
| Noninterest expense | 27,345,000 | 52,590,000 | 78,695,000 | 112,809,000 |
| Provision for loan losses | 2,013,000 | 4,098,000 | 5,282,000 | 5,134,000 |
| Pretax income | 5,021,000 | 13,057,000 | 27,517,000 | 32,184,000 |
| Income tax | 1,287,000 | 3,329,000 | 6,886,000 | 8,084,000 |
| Net income | 3,734,000 | 9,728,000 | 20,631,000 | 24,100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 271,595,000 | 277,589,000 | 288,493,000 | 291,963,000 |