Call reports 2020
FREEPORT STATE BANK — 2020
What FREEPORT STATE 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 | 116,426,000 | 129,340,000 | 129,333,000 | 135,059,000 |
| Total loans | 87,606,000 | 90,869,000 | 87,466,000 | 82,270,000 |
| Allowance for loan losses | 767,000 | 772,000 | 774,000 | 774,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 17,771,000 | 17,639,000 | 17,857,000 | 17,725,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,019,000 | 110,277,000 | 111,902,000 | 118,971,000 |
| Interest-bearing deposits | 80,961,000 | 86,645,000 | 87,689,000 | 90,315,000 |
| Noninterest-bearing deposits | 19,058,000 | 23,632,000 | 24,213,000 | 28,656,000 |
| Equity capital | 12,099,000 | 12,546,000 | 12,787,000 | 12,910,000 |
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 | 1,461,000 | 3,118,000 | 4,484,000 | 5,762,000 |
| Interest expense | 226,000 | 431,000 | 605,000 | 744,000 |
| Net interest income | 1,235,000 | 2,687,000 | 3,879,000 | 5,018,000 |
| Noninterest income | 51,000 | 92,000 | 150,000 | 224,000 |
| Noninterest expense | 928,000 | 1,809,000 | 2,752,000 | 3,842,000 |
| Provision for loan losses | 265,000 | 265,000 | 265,000 | 271,000 |
| Pretax income | 93,000 | 705,000 | 1,012,000 | 1,129,000 |
| Income tax | -7,000 | 158,000 | 224,000 | 218,000 |
| Net income | 100,000 | 547,000 | 788,000 | 911,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,099,000 | 12,546,000 | 12,787,000 | 12,910,000 |
| Total capital | 12,866,000 | 13,318,000 | 13,561,000 | 13,684,000 |
| Risk-weighted assets | 91,308,000 | 97,222,000 | 86,135,000 | 90,815,000 |