Call reports 2020
ESSEX BANK — 2020
What ESSEX 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 | 422,869,000 | 471,926,000 | 469,532,000 | 485,522,000 |
| Total loans | 315,598,000 | 329,919,000 | 330,647,000 | 330,033,000 |
| Allowance for loan losses | 2,662,000 | 2,922,000 | 3,242,000 | 2,820,000 |
| Securities available for sale | 1,004,000 | 997,000 | 997,000 | 978,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 361,800,000 | 410,501,000 | 408,633,000 | 423,978,000 |
| Interest-bearing deposits | 248,440,000 | 260,447,000 | 263,440,000 | 268,906,000 |
| Noninterest-bearing deposits | 113,360,000 | 150,054,000 | 145,193,000 | 155,072,000 |
| Equity capital | 51,324,000 | 51,520,000 | 51,656,000 | 51,806,000 |
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 | 3,514,000 | 6,813,000 | 10,166,000 | 13,628,000 |
| Interest expense | 413,000 | 764,000 | 1,047,000 | 1,246,000 |
| Net interest income | 3,101,000 | 6,049,000 | 9,119,000 | 12,382,000 |
| Noninterest income | 4,013,000 | 7,928,000 | 12,015,000 | 16,333,000 |
| Noninterest expense | 6,924,000 | 13,360,000 | 20,075,000 | 26,738,000 |
| Provision for loan losses | 60,000 | 320,000 | 640,000 | 700,000 |
| Pretax income | 130,000 | 297,000 | 419,000 | 1,277,000 |
| Income tax | 40,000 | 26,000 | 11,000 | 378,000 |
| Net income | 90,000 | 271,000 | 408,000 | 899,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,025,000 | 42,206,000 | 42,343,000 | 43,082,000 |