Call reports 2020
CHEROKEE STATE BANK — 2020
What CHEROKEE 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 | 223,372,000 | 231,236,000 | 238,233,000 | 235,433,000 |
| Total loans | 150,186,000 | 161,014,000 | 155,597,000 | 146,365,000 |
| Allowance for loan losses | 1,773,000 | 2,043,000 | 2,088,000 | 2,143,000 |
| Securities available for sale | 61,531,000 | 64,880,000 | 64,543,000 | 67,854,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 181,434,000 | 181,237,000 | 187,260,000 | 184,410,000 |
| Interest-bearing deposits | 162,287,000 | 156,836,000 | 164,446,000 | 154,747,000 |
| Noninterest-bearing deposits | 19,147,000 | 24,401,000 | 22,814,000 | 29,663,000 |
| Equity capital | 28,209,000 | 29,024,000 | 29,489,000 | 29,513,000 |
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 | 2,250,000 | 4,914,000 | 7,113,000 | 9,184,000 |
| Interest expense | 508,000 | 886,000 | 1,182,000 | 1,406,000 |
| Net interest income | 1,742,000 | 4,028,000 | 5,931,000 | 7,778,000 |
| Noninterest income | 172,000 | 509,000 | 721,000 | 1,052,000 |
| Noninterest expense | 1,086,000 | 2,333,000 | 3,437,000 | 4,868,000 |
| Provision for loan losses | 50,000 | 350,000 | 395,000 | 425,000 |
| Pretax income | 940,000 | 2,092,000 | 3,059,000 | 3,776,000 |
| Income tax | 195,000 | 485,000 | 706,000 | 753,000 |
| Net income | 745,000 | 1,607,000 | 2,353,000 | 3,023,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,413,000 | 28,034,000 | 28,539,000 | 28,567,000 |
| Total capital | 29,186,000 | 30,077,000 | 30,627,000 | 30,710,000 |
| Risk-weighted assets | 168,376,000 | 188,843,000 | 192,559,000 | 177,593,000 |