Call reports 2020
GULFSIDE BANK — 2020
What GULFSIDE 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 | 97,154,000 | 136,635,000 | 146,948,000 | 183,390,000 |
| Total loans | 56,212,000 | 86,983,000 | 95,281,000 | 90,847,000 |
| Allowance for loan losses | 700,000 | 947,000 | 1,083,000 | 1,177,000 |
| Securities available for sale | 33,311,000 | 32,428,000 | 39,013,000 | 48,235,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,424,000 | 111,691,000 | 124,857,000 | 160,706,000 |
| Interest-bearing deposits | 67,283,000 | 86,410,000 | 98,812,000 | 135,552,000 |
| Noninterest-bearing deposits | 8,141,000 | 25,281,000 | 26,045,000 | 25,154,000 |
| Equity capital | 21,232,000 | 21,321,000 | 21,341,000 | 22,118,000 |
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 | 813,000 | 2,051,000 | 3,352,000 | 4,597,000 |
| Interest expense | 152,000 | 276,000 | 415,000 | 572,000 |
| Net interest income | 661,000 | 1,775,000 | 2,937,000 | 4,025,000 |
| Noninterest income | 62,000 | 81,000 | 105,000 | 126,000 |
| Noninterest expense | 896,000 | 1,752,000 | 2,723,000 | 3,668,000 |
| Provision for loan losses | 201,000 | 447,000 | 584,000 | 678,000 |
| Pretax income | -365,000 | -334,000 | -256,000 | -169,000 |
| Income tax | 0 | 0 | 0 | -738,000 |
| Net income | -365,000 | -334,000 | -256,000 | 569,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,328,000 | 20,397,000 | 20,511,000 | 21,033,000 |