Call reports 2020
WATERMAN BANK — 2020
What WATERMAN 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 | 41,661,000 | 62,774,000 | 62,332,000 | 60,980,000 |
| Total loans | 16,188,000 | 32,441,000 | 45,679,000 | 36,624,000 |
| Allowance for loan losses | 6,000 | 42,000 | 72,000 | 102,000 |
| Securities available for sale | 9,677,000 | 8,980,000 | 8,398,000 | 7,939,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,032,000 | 37,286,000 | 37,820,000 | 38,992,000 |
| Interest-bearing deposits | 33,278,000 | 34,654,000 | 1,165,000 | 36,845,000 |
| Noninterest-bearing deposits | 1,754,000 | 2,632,000 | 36,655,000 | 2,147,000 |
| Equity capital | 4,874,000 | 5,902,000 | 6,311,000 | 6,793,000 |
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 | 293,000 | 715,000 | 1,133,000 | 1,791,000 |
| Interest expense | 71,000 | 147,000 | 180,000 | 234,000 |
| Net interest income | 222,000 | 568,000 | 953,000 | 1,557,000 |
| Noninterest income | 19,000 | 289,000 | 1,002,000 | 2,395,000 |
| Noninterest expense | 219,000 | 584,000 | 1,292,000 | 2,533,000 |
| Provision for loan losses | 6,000 | 42,000 | 72,000 | 102,000 |
| Pretax income | 16,000 | 231,000 | 591,000 | 1,317,000 |
| Income tax | 0 | 0 | 0 | 407,000 |
| Net income | 16,000 | 231,000 | 591,000 | 910,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,253,000 | 5,247,000 | 5,620,000 | 6,184,000 |
| Total capital | 4,259,000 | 5,289,000 | 5,692,000 | 6,286,000 |
| Risk-weighted assets | 21,689,000 | 21,380,000 | 28,536,000 | 34,922,000 |