Call reports 2021
WATERMAN BANK — 2021
What WATERMAN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 69,672,000 | 77,680,000 | 81,301,000 | 85,668,000 |
| Total loans | 45,113,000 | 43,974,000 | 38,116,000 | 49,134,000 |
| Allowance for loan losses | 132,000 | 162,000 | 192,000 | 222,000 |
| Securities available for sale | 6,650,000 | 6,183,000 | 5,747,000 | 5,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,905,000 | 48,508,000 | 58,127,000 | 64,422,000 |
| Interest-bearing deposits | 41,248,000 | 46,129,000 | 55,521,000 | 62,142,000 |
| Noninterest-bearing deposits | 2,657,000 | 2,379,000 | 2,606,000 | 2,280,000 |
| Equity capital | 7,374,000 | 15,410,000 | 15,622,000 | 15,756,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 412,000 | 929,000 | 2,248,000 | 3,039,000 |
| Interest expense | 76,000 | 173,000 | 286,000 | 411,000 |
| Net interest income | 336,000 | 756,000 | 1,962,000 | 2,628,000 |
| Noninterest income | 1,779,000 | 3,423,000 | 3,847,000 | 4,569,000 |
| Noninterest expense | 1,204,000 | 2,401,000 | 3,732,000 | 4,855,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 881,000 | 1,718,000 | 1,987,000 | 2,222,000 |
| Income tax | 269,000 | 524,000 | 606,000 | 678,000 |
| Net income | 612,000 | 1,194,000 | 1,381,000 | 1,544,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,810,000 | 14,904,000 | 15,104,000 | 15,279,000 |
| Total capital | 6,942,000 | 15,066,000 | 15,296,000 | 15,501,000 |
| Risk-weighted assets | 35,051,000 | 39,233,000 | 43,235,000 | 48,811,000 |
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