Call reports 2020
BANK OF OCEAN CITY — 2020
What BANK OF OCEAN CITY 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 | 353,752,000 | 449,715,000 | 501,129,000 | 494,559,000 |
| Total loans | 263,994,000 | 297,196,000 | 294,742,000 | 291,137,000 |
| Allowance for loan losses | 2,317,000 | 2,427,000 | 2,429,000 | 2,520,000 |
| Securities available for sale | 0 | 0 | 0 | 7,141,000 |
| Securities held to maturity | 25,508,000 | 20,486,000 | 52,143,000 | 48,733,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 311,837,000 | 406,313,000 | 457,468,000 | 449,430,000 |
| Interest-bearing deposits | 208,616,000 | 243,023,000 | 277,934,000 | 280,608,000 |
| Noninterest-bearing deposits | 103,221,000 | 163,290,000 | 179,534,000 | 168,822,000 |
| Equity capital | 40,604,000 | 41,642,000 | 42,910,000 | 43,717,000 |
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 | 3,653,000 | 7,267,000 | 10,911,000 | 14,818,000 |
| Interest expense | 461,000 | 911,000 | 1,400,000 | 1,833,000 |
| Net interest income | 3,192,000 | 6,356,000 | 9,511,000 | 12,985,000 |
| Noninterest income | 214,000 | 399,000 | 662,000 | 885,000 |
| Noninterest expense | 1,748,000 | 3,386,000 | 5,080,000 | 6,999,000 |
| Provision for loan losses | 245,000 | 395,000 | 395,000 | 395,000 |
| Pretax income | 1,967,000 | 3,685,000 | 5,409,000 | 7,187,000 |
| Income tax | 526,000 | 984,000 | 1,440,000 | 1,884,000 |
| Net income | 1,441,000 | 2,701,000 | 3,969,000 | 5,303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,604,000 | 41,642,000 | 42,910,000 | 43,720,000 |
| Total capital | 42,921,000 | 44,069,000 | 45,338,000 | 46,240,000 |
| Risk-weighted assets | 256,107,000 | 292,660,000 | 301,004,000 | 309,393,000 |