Call reports 2020
PRIORITY BANK — 2020
What PRIORITY 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 | 89,082,000 | 90,988,000 | 97,563,000 | 102,559,000 |
| Total loans | 80,305,000 | 82,100,000 | 86,587,000 | 89,803,000 |
| Allowance for loan losses | 1,175,000 | 1,229,000 | 1,284,000 | 1,342,000 |
| Securities available for sale | 174,000 | 166,000 | 1,918,000 | 1,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,992,000 | 60,966,000 | 64,576,000 | 69,911,000 |
| Interest-bearing deposits | 54,075,000 | 51,033,000 | 55,425,000 | 60,115,000 |
| Noninterest-bearing deposits | 7,917,000 | 9,934,000 | 9,151,000 | 9,796,000 |
| Equity capital | 8,048,000 | 8,575,000 | 8,445,000 | 9,037,000 |
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 | 1,303,000 | 2,605,000 | 4,012,000 | 5,345,000 |
| Interest expense | 457,000 | 873,000 | 1,228,000 | 1,534,000 |
| Net interest income | 846,000 | 1,732,000 | 2,784,000 | 3,811,000 |
| Noninterest income | 920,000 | 1,934,000 | 2,933,000 | 4,266,000 |
| Noninterest expense | 1,353,000 | 2,668,000 | 3,916,000 | 5,313,000 |
| Provision for loan losses | 0 | 50,000 | 85,000 | 160,000 |
| Pretax income | 413,000 | 948,000 | 1,716,000 | 2,604,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 413,000 | 948,000 | 1,716,000 | 2,604,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,837,000 | 8,372,000 | 8,240,000 | 8,827,000 |
| Total capital | 8,526,000 | — | — | — |
| Risk-weighted assets | 54,643,000 | — | — | — |