Call reports 2020
SOLUTIONS NORTH BANK — 2020
What SOLUTIONS NORTH 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 | 250,588,000 | 267,344,000 | 269,594,000 | 284,101,000 |
| Total loans | 164,628,000 | 177,527,000 | 182,415,000 | 173,771,000 |
| Allowance for loan losses | 3,967,000 | 3,994,000 | 4,013,000 | 4,017,000 |
| Securities available for sale | 63,421,000 | 67,230,000 | 63,275,000 | 63,275,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 209,911,000 | 224,160,000 | 222,811,000 | 236,099,000 |
| Interest-bearing deposits | 180,971,000 | 186,403,000 | 190,078,000 | 199,998,000 |
| Noninterest-bearing deposits | 28,940,000 | 37,757,000 | 32,733,000 | 36,101,000 |
| Equity capital | 32,059,000 | 34,223,000 | 35,555,000 | 35,769,000 |
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 | 2,729,000 | 5,830,000 | 8,652,000 | 11,305,000 |
| Interest expense | 599,000 | 1,118,000 | 1,608,000 | 2,075,000 |
| Net interest income | 2,130,000 | 4,712,000 | 7,044,000 | 9,230,000 |
| Noninterest income | 139,000 | 253,000 | 384,000 | 503,000 |
| Noninterest expense | 1,681,000 | 3,106,000 | 4,463,000 | 5,995,000 |
| Provision for loan losses | 429,000 | 444,000 | 459,000 | 474,000 |
| Pretax income | 1,360,000 | 3,032,000 | 4,280,000 | 5,038,000 |
| Income tax | 345,000 | 727,000 | 947,000 | 1,051,000 |
| Net income | 1,015,000 | 2,305,000 | 3,333,000 | 3,987,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,584,000 | 30,874,000 | 31,903,000 | 32,032,000 |
| Total capital | 31,921,000 | 33,320,000 | 34,620,000 | 34,686,000 |
| Risk-weighted assets | 185,343,000 | 194,144,000 | 216,114,000 | 211,030,000 |