Call reports 2020
CLARE BANK, NATIONAL ASSOCIATION — 2020
What CLARE BANK, NATIONAL ASSOCIATION 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 | 281,017,000 | 297,894,000 | 301,927,000 | 319,658,000 |
| Total loans | 152,970,000 | 152,025,000 | 146,285,000 | 143,356,000 |
| Allowance for loan losses | 632,000 | 635,000 | 636,000 | 636,000 |
| Securities available for sale | 89,622,000 | 110,666,000 | 122,516,000 | 134,867,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,895,000 | 255,592,000 | 259,807,000 | 276,855,000 |
| Interest-bearing deposits | 211,022,000 | 214,177,000 | 217,743,000 | 228,665,000 |
| Noninterest-bearing deposits | 33,873,000 | 41,415,000 | 42,064,000 | 48,190,000 |
| Equity capital | 35,714,000 | 37,888,000 | 37,739,000 | 38,476,000 |
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 | 2,267,000 | 4,465,000 | 6,618,000 | 8,704,000 |
| Interest expense | 481,000 | 907,000 | 1,261,000 | 1,540,000 |
| Net interest income | 1,786,000 | 3,558,000 | 5,357,000 | 7,164,000 |
| Noninterest income | 71,000 | 134,000 | 207,000 | 274,000 |
| Noninterest expense | 1,070,000 | 2,133,000 | 3,279,000 | 4,345,000 |
| Provision for loan losses | 25,000 | 25,000 | 25,000 | 25,000 |
| Pretax income | 1,042,000 | 1,814,000 | 2,546,000 | 3,390,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,042,000 | 1,814,000 | 2,546,000 | 3,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,477,000 | 34,249,000 | 33,981,000 | 34,825,000 |