Call reports 2020
SERVBANK, NATIONAL ASSOCIATION — 2020
What SERVBANK, NATIONAL ASSOCIATION 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 | 109,138,000 | 137,014,000 | 142,020,000 | 146,338,000 |
| Total loans | 72,355,000 | 100,301,000 | 107,031,000 | 95,133,000 |
| Allowance for loan losses | 712,000 | 788,000 | 948,000 | 1,114,000 |
| Securities available for sale | 9,695,000 | 9,323,000 | 8,291,000 | 6,584,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,203,000 | 104,377,000 | 107,269,000 | 114,004,000 |
| Interest-bearing deposits | 65,830,000 | 69,196,000 | 71,523,000 | 71,657,000 |
| Noninterest-bearing deposits | 28,373,000 | 35,180,000 | 35,746,000 | 42,347,000 |
| Equity capital | 14,113,000 | 15,121,000 | 16,772,000 | 18,271,000 |
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 | 905,000 | 1,875,000 | 2,911,000 | 4,047,000 |
| Interest expense | 196,000 | 350,000 | 508,000 | 658,000 |
| Net interest income | 709,000 | 1,525,000 | 2,403,000 | 3,389,000 |
| Noninterest income | 21,608,000 | 41,504,000 | 67,268,000 | 102,889,000 |
| Noninterest expense | 21,069,000 | 40,355,000 | 64,546,000 | 97,781,000 |
| Provision for loan losses | 25,000 | 175,000 | 325,000 | 475,000 |
| Pretax income | 1,223,000 | 2,499,000 | 4,800,000 | 8,022,000 |
| Income tax | 345,000 | 705,000 | 1,353,000 | 2,260,000 |
| Net income | 878,000 | 1,794,000 | 3,447,000 | 5,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,908,000 | 14,832,000 | 16,486,000 | 18,000,000 |