Call reports 2021
MILFORD FEDERAL BANK — 2021
What MILFORD FEDERAL BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 448,971,000 | 453,115,000 | 456,763,000 | 450,698,000 |
| Total loans | 366,812,000 | 370,392,000 | 381,581,000 | 377,361,000 |
| Allowance for loan losses | 1,757,000 | 1,787,000 | 1,811,000 | 1,836,000 |
| Securities available for sale | 7,325,000 | 10,153,000 | 9,842,000 | 9,369,000 |
| Securities held to maturity | 77,000 | 71,000 | 67,000 | 63,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 383,667,000 | 386,469,000 | 388,575,000 | 394,516,000 |
| Interest-bearing deposits | 345,191,000 | 348,286,000 | 346,615,000 | 351,950,000 |
| Noninterest-bearing deposits | 38,476,000 | 38,183,000 | 41,960,000 | 42,566,000 |
| Equity capital | 51,355,000 | 51,621,000 | 52,780,000 | 52,887,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,105,000 | 6,286,000 | 9,501,000 | 12,684,000 |
| Interest expense | 363,000 | 688,000 | 988,000 | 1,239,000 |
| Net interest income | 2,742,000 | 5,598,000 | 8,513,000 | 11,445,000 |
| Noninterest income | 1,020,000 | 2,020,000 | 3,860,000 | 4,624,000 |
| Noninterest expense | 3,303,000 | 6,756,000 | 9,879,000 | 13,362,000 |
| Provision for loan losses | 25,000 | 50,000 | 75,000 | 100,000 |
| Pretax income | 430,000 | 802,000 | 2,403,000 | 2,584,000 |
| Income tax | 105,000 | 193,000 | 627,000 | 662,000 |
| Net income | 325,000 | 609,000 | 1,776,000 | 1,922,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,615,000 | 51,899,000 | 53,066,000 | 53,207,000 |
| Total capital | 53,372,000 | 53,686,000 | 54,877,000 | 55,043,000 |
| Risk-weighted assets | 268,705,000 | 269,489,000 | 267,390,000 | 273,235,000 |