Call reports 2020
MILFORD FEDERAL BANK — 2020
What MILFORD FEDERAL 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 | 418,260,000 | 433,470,000 | 438,362,000 | 438,696,000 |
| Total loans | 369,694,000 | 367,535,000 | 363,105,000 | 367,741,000 |
| Allowance for loan losses | 1,668,000 | 1,696,000 | 1,724,000 | 1,749,000 |
| Securities available for sale | 15,469,000 | 8,749,000 | 7,733,000 | 7,575,000 |
| Securities held to maturity | 98,000 | 94,000 | 88,000 | 82,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 345,216,000 | 363,234,000 | 366,901,000 | 373,373,000 |
| Interest-bearing deposits | 318,648,000 | 331,123,000 | 326,150,000 | 338,159,000 |
| Noninterest-bearing deposits | 26,568,000 | 32,111,000 | 40,751,000 | 35,214,000 |
| Equity capital | 50,075,000 | 50,319,000 | 50,861,000 | 51,096,000 |
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 | 3,550,000 | 6,966,000 | 10,253,000 | 13,530,000 |
| Interest expense | 810,000 | 1,486,000 | 2,045,000 | 2,500,000 |
| Net interest income | 2,740,000 | 5,480,000 | 8,208,000 | 11,030,000 |
| Noninterest income | 711,000 | 1,363,000 | 2,628,000 | 3,926,000 |
| Noninterest expense | 3,197,000 | 6,249,000 | 9,338,000 | 13,072,000 |
| Provision for loan losses | 18,000 | 45,000 | 73,000 | 100,000 |
| Pretax income | 271,000 | 718,000 | 1,670,000 | 2,026,000 |
| Income tax | 65,000 | 175,000 | 431,000 | 515,000 |
| Net income | 206,000 | 543,000 | 1,239,000 | 1,511,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,002,000 | 50,339,000 | 51,029,000 | 51,290,000 |
| Total capital | 51,670,000 | 52,035,000 | 52,753,000 | 53,039,000 |
| Risk-weighted assets | 262,821,000 | 265,299,000 | 259,231,000 | 272,886,000 |