Call reports 2020
1ST CONSTITUTION BANK — 2020
What 1ST CONSTITUTION 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 | 1,610,310,000 | 1,740,393,000 | 1,843,473,000 | 1,806,352,000 |
| Total loans | 1,229,562,000 | 1,366,565,000 | 1,483,880,000 | 1,463,488,000 |
| Allowance for loan losses | 10,001,000 | 12,126,000 | 14,450,000 | 15,641,000 |
| Securities available for sale | 163,725,000 | 151,661,000 | 135,123,000 | 125,197,000 |
| Securities held to maturity | 88,381,000 | 94,440,000 | 87,811,000 | 92,552,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,298,496,000 | 1,409,860,000 | 1,511,400,000 | 1,563,243,000 |
| Interest-bearing deposits | 998,885,000 | 1,012,154,000 | 1,084,504,000 | 1,137,629,000 |
| Noninterest-bearing deposits | 299,611,000 | 397,706,000 | 426,896,000 | 425,614,000 |
| Equity capital | 190,874,000 | 195,224,000 | 199,829,000 | 205,432,000 |
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 | 16,388,000 | 33,114,000 | 50,822,000 | 69,146,000 |
| Interest expense | 3,300,000 | 6,072,000 | 8,337,000 | 10,209,000 |
| Net interest income | 13,088,000 | 27,042,000 | 42,485,000 | 58,937,000 |
| Noninterest income | 2,377,000 | 5,389,000 | 9,968,000 | 14,242,000 |
| Noninterest expense | 9,721,000 | 19,481,000 | 30,366,000 | 41,455,000 |
| Provision for loan losses | 895,000 | 3,020,000 | 5,340,000 | 6,698,000 |
| Pretax income | 4,857,000 | 9,948,000 | 16,844,000 | 25,127,000 |
| Income tax | 1,316,000 | 2,633,000 | 4,548,000 | 6,698,000 |
| Net income | 3,541,000 | 7,315,000 | 12,296,000 | 18,429,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 153,586,000 | 156,746,000 | 161,030,000 | 167,067,000 |
| Total capital | 163,587,000 | 168,872,000 | 175,480,000 | 182,708,000 |
| Risk-weighted assets | 1,379,934,000 | 1,489,178,000 | 1,516,692,000 | 1,503,909,000 |