Call reports 2020
COMMONWEALTH BUSINESS BANK — 2020
What COMMONWEALTH BUSINESS 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 | 1,202,089,000 | 1,343,257,000 | 1,399,381,000 | 1,375,194,000 |
| Total loans | 961,706,000 | 1,037,392,000 | 1,065,622,000 | 1,102,739,000 |
| Allowance for loan losses | 11,034,000 | 12,283,000 | 13,614,000 | 14,366,000 |
| Securities available for sale | 85,271,000 | 84,680,000 | 83,359,000 | 80,870,000 |
| Securities held to maturity | 6,592,000 | 6,411,000 | 5,425,000 | 5,044,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 951,040,000 | 1,028,132,000 | 1,101,866,000 | 1,099,475,000 |
| Interest-bearing deposits | 739,285,000 | 732,647,000 | 738,040,000 | 763,906,000 |
| Noninterest-bearing deposits | 211,755,000 | 295,485,000 | 363,826,000 | 335,569,000 |
| Equity capital | 149,210,000 | 152,234,000 | 155,571,000 | 159,603,000 |
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 | 14,473,000 | 27,679,000 | 40,891,000 | 54,504,000 |
| Interest expense | 3,981,000 | 7,323,000 | 9,881,000 | 11,711,000 |
| Net interest income | 10,492,000 | 20,356,000 | 31,010,000 | 42,793,000 |
| Noninterest income | 1,701,000 | 3,208,000 | 6,203,000 | 9,646,000 |
| Noninterest expense | 8,763,000 | 16,117,000 | 23,984,000 | 32,202,000 |
| Provision for loan losses | 700,000 | 2,300,000 | 3,900,000 | 5,500,000 |
| Pretax income | 2,730,000 | 5,147,000 | 9,329,000 | 14,737,000 |
| Income tax | 954,000 | 1,625,000 | 2,791,000 | 4,351,000 |
| Net income | 1,776,000 | 3,522,000 | 6,538,000 | 10,386,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 147,631,000 | 149,429,000 | 152,472,000 | 156,372,000 |
| Total capital | 159,442,000 | 161,741,000 | 165,032,000 | 169,450,000 |
| Risk-weighted assets | 999,502,000 | 984,244,000 | 1,002,981,000 | 1,044,141,000 |