Call reports 2020
NEWPORT FEDERAL BANK — 2020
What NEWPORT FEDERAL 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 | 217,899,000 | 226,158,000 | 233,960,000 | 240,401,000 |
| Total loans | 108,813,000 | 108,645,000 | 107,336,000 | 107,276,000 |
| Allowance for loan losses | 1,461,000 | 1,535,000 | 1,614,000 | 1,664,000 |
| Securities available for sale | 85,360,000 | 95,301,000 | 101,867,000 | 114,280,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,998,000 | 199,385,000 | 206,906,000 | 213,044,000 |
| Interest-bearing deposits | 165,360,000 | 170,888,000 | 177,465,000 | 180,384,000 |
| Noninterest-bearing deposits | 26,638,000 | 28,497,000 | 29,441,000 | 32,660,000 |
| Equity capital | 24,140,000 | 24,961,000 | 25,201,000 | 25,517,000 |
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 | 1,835,000 | 3,642,000 | 5,363,000 | 7,088,000 |
| Interest expense | 517,000 | 995,000 | 1,429,000 | 1,811,000 |
| Net interest income | 1,318,000 | 2,647,000 | 3,934,000 | 5,277,000 |
| Noninterest income | 160,000 | 316,000 | 470,000 | 648,000 |
| Noninterest expense | 1,065,000 | 2,113,000 | 3,178,000 | 4,249,000 |
| Provision for loan losses | 0 | 75,000 | 150,000 | 200,000 |
| Pretax income | 413,000 | 784,000 | 1,095,000 | 1,495,000 |
| Income tax | 111,000 | 222,000 | 311,000 | 282,000 |
| Net income | 302,000 | 562,000 | 784,000 | 1,213,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,015,000 | 24,275,000 | 24,497,000 | 24,526,000 |