Call reports 2020
SHERWOOD STATE BANK, THE — 2020
What SHERWOOD STATE BANK, THE 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 | 74,077,000 | 76,902,000 | 79,671,000 | 80,178,000 |
| Total loans | 53,957,000 | 54,964,000 | 55,233,000 | 54,047,000 |
| Allowance for loan losses | 559,000 | 529,000 | 559,000 | 564,000 |
| Securities available for sale | 11,789,000 | 11,751,000 | 12,052,000 | 12,278,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,355,000 | 63,914,000 | 66,572,000 | 66,909,000 |
| Interest-bearing deposits | 48,782,000 | 49,537,000 | 52,149,000 | 50,633,000 |
| Noninterest-bearing deposits | 12,573,000 | 14,377,000 | 14,423,000 | 16,276,000 |
| Equity capital | 7,948,000 | 8,482,000 | 8,586,000 | 8,720,000 |
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 | 852,000 | 1,767,000 | 2,624,000 | 3,445,000 |
| Interest expense | 138,000 | 269,000 | 385,000 | 486,000 |
| Net interest income | 714,000 | 1,498,000 | 2,239,000 | 2,959,000 |
| Noninterest income | 77,000 | 157,000 | 248,000 | 345,000 |
| Noninterest expense | 658,000 | 1,290,000 | 1,929,000 | 2,569,000 |
| Provision for loan losses | 30,000 | 31,000 | 61,000 | 82,000 |
| Pretax income | 103,000 | 334,000 | 497,000 | 653,000 |
| Income tax | 15,000 | 57,000 | 85,000 | 111,000 |
| Net income | 88,000 | 277,000 | 412,000 | 542,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,032,000 | 8,221,000 | 8,301,000 | 8,431,000 |
| Total capital | 8,591,000 | — | — | — |
| Risk-weighted assets | 49,641,000 | — | — | — |