Call reports 2020
42 NORTH PRIVATE BANK — 2020
What 42 NORTH PRIVATE 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 | 240,177,000 | 275,528,000 | 270,134,000 | 264,532,000 |
| Total loans | 180,338,000 | 230,147,000 | 223,990,000 | 216,145,000 |
| Allowance for loan losses | 1,776,000 | 2,122,000 | 2,292,000 | 2,197,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,623,000 | 220,311,000 | 241,206,000 | 236,766,000 |
| Interest-bearing deposits | 177,077,000 | 219,534,000 | 240,640,000 | 235,617,000 |
| Noninterest-bearing deposits | 546,000 | 777,000 | 566,000 | 1,149,000 |
| Equity capital | 29,464,000 | 27,388,000 | 26,065,000 | 25,179,000 |
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 | 2,948,000 | 5,961,000 | 8,897,000 | 11,708,000 |
| Interest expense | 878,000 | 1,577,000 | 2,205,000 | 2,770,000 |
| Net interest income | 2,070,000 | 4,384,000 | 6,692,000 | 8,938,000 |
| Noninterest income | 159,000 | 312,000 | 431,000 | 625,000 |
| Noninterest expense | 4,648,000 | 8,663,000 | 12,195,000 | 15,429,000 |
| Provision for loan losses | 197,000 | 725,000 | 942,000 | 1,034,000 |
| Pretax income | -2,616,000 | -4,692,000 | -6,014,000 | -6,900,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -2,616,000 | -4,692,000 | -6,014,000 | -6,900,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,301,000 | 27,273,000 | 25,968,000 | 25,101,000 |
| Total capital | 31,274,000 | 29,592,000 | 28,265,000 | 27,321,000 |
| Risk-weighted assets | 181,690,000 | 194,301,000 | 183,592,000 | 177,447,000 |