Call reports 2020
FARMBANK — 2020
What FARMBANK 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 | 57,983,000 | 61,504,000 | 63,666,000 | 67,456,000 |
| Total loans | 43,228,000 | 44,745,000 | 44,582,000 | 43,107,000 |
| Allowance for loan losses | 606,000 | 533,000 | 546,000 | 478,000 |
| Securities available for sale | 3,644,000 | 6,061,000 | 6,614,000 | 8,078,000 |
| Securities held to maturity | 4,400,000 | 4,286,000 | 4,277,000 | 3,276,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,142,000 | 49,990,000 | 53,113,000 | 55,936,000 |
| Interest-bearing deposits | 44,663,000 | 43,613,000 | 46,382,000 | 47,635,000 |
| Noninterest-bearing deposits | 5,479,000 | 6,377,000 | 6,731,000 | 8,301,000 |
| Equity capital | 5,224,000 | 5,347,000 | 5,428,000 | 5,486,000 |
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 | 669,000 | 1,403,000 | 2,113,000 | 2,796,000 |
| Interest expense | 201,000 | 385,000 | 560,000 | 725,000 |
| Net interest income | 468,000 | 1,018,000 | 1,553,000 | 2,071,000 |
| Noninterest income | 39,000 | 71,000 | 104,000 | 150,000 |
| Noninterest expense | 434,000 | 862,000 | 1,293,000 | 1,787,000 |
| Provision for loan losses | 53,000 | 120,000 | 145,000 | 178,000 |
| Pretax income | 20,000 | 149,000 | 261,000 | 332,000 |
| Income tax | 0 | 28,000 | 52,000 | 53,000 |
| Net income | 20,000 | 121,000 | 209,000 | 279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,171,000 | 5,272,000 | 5,362,000 | 5,431,000 |
| Total capital | 5,723,000 | 5,805,000 | 5,908,000 | 5,909,000 |
| Risk-weighted assets | 44,178,000 | 46,823,000 | 46,613,000 | 46,471,000 |