Call reports 2020
ESSEX BANK — 2020
What ESSEX 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 | 1,453,396,000 | 1,614,861,000 | 1,622,001,000 | 1,644,645,000 |
| Total loans | 1,111,974,000 | 1,195,213,000 | 1,206,006,000 | 1,206,402,000 |
| Allowance for loan losses | 11,975,000 | 12,394,000 | 12,484,000 | 12,496,000 |
| Securities available for sale | 202,711,000 | 226,867,000 | 233,653,000 | 271,347,000 |
| Securities held to maturity | 24,649,000 | 24,169,000 | 23,026,000 | 21,176,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,221,312,000 | 1,364,025,000 | 1,369,851,000 | 1,399,913,000 |
| Interest-bearing deposits | 1,032,731,000 | 1,084,869,000 | 1,087,663,000 | 1,099,800,000 |
| Noninterest-bearing deposits | 188,581,000 | 279,156,000 | 282,188,000 | 300,113,000 |
| Equity capital | 159,156,000 | 164,314,000 | 169,171,000 | 172,401,000 |
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 | 15,945,000 | 31,697,000 | 47,246,000 | 63,616,000 |
| Interest expense | 3,657,000 | 7,002,000 | 9,801,000 | 12,140,000 |
| Net interest income | 12,288,000 | 24,695,000 | 37,445,000 | 51,476,000 |
| Noninterest income | 1,573,000 | 3,138,000 | 4,667,000 | 6,341,000 |
| Noninterest expense | 8,653,000 | 16,593,000 | 25,134,000 | 33,877,000 |
| Provision for loan losses | 3,300,000 | 4,200,000 | 4,200,000 | 4,200,000 |
| Pretax income | 1,869,000 | 7,243,000 | 13,059,000 | 20,024,000 |
| Income tax | 302,000 | 1,379,000 | 2,552,000 | 3,918,000 |
| Net income | 1,567,000 | 5,864,000 | 10,507,000 | 16,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 156,986,000 | 160,084,000 | 163,612,000 | 166,210,000 |
| Total capital | 168,618,000 | 172,135,000 | 175,753,000 | 178,363,000 |
| Risk-weighted assets | 1,213,170,000 | 1,239,962,000 | 1,266,529,000 | 1,311,453,000 |