Call reports 2020
NEW VALLEY BANK & TRUST — 2020
What NEW VALLEY BANK & TRUST 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 | 84,859,000 | 193,786,000 | 210,327,000 | 208,757,000 |
| Total loans | 36,826,000 | 144,243,000 | 170,833,000 | 166,952,000 |
| Allowance for loan losses | 460,000 | 713,000 | 1,030,000 | 1,325,000 |
| Securities available for sale | 19,191,000 | 18,070,000 | 18,843,000 | 21,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,462,000 | 124,703,000 | 116,595,000 | 130,152,000 |
| Interest-bearing deposits | 61,592,000 | 102,562,000 | 104,245,000 | 116,479,000 |
| Noninterest-bearing deposits | 2,870,000 | 22,141,000 | 12,350,000 | 13,673,000 |
| Equity capital | 20,193,000 | 20,025,000 | 19,937,000 | 20,439,000 |
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 | 519,000 | 1,539,000 | 2,895,000 | 5,066,000 |
| Interest expense | 217,000 | 444,000 | 706,000 | 989,000 |
| Net interest income | 302,000 | 1,095,000 | 2,189,000 | 4,077,000 |
| Noninterest income | 14,000 | 35,000 | 67,000 | 106,000 |
| Noninterest expense | 794,000 | 1,642,000 | 2,569,000 | 3,730,000 |
| Provision for loan losses | 99,000 | 352,000 | 669,000 | 964,000 |
| Pretax income | -577,000 | -721,000 | -724,000 | -253,000 |
| Income tax | 0 | 0 | 0 | 20,000 |
| Net income | -577,000 | -721,000 | -724,000 | -273,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,629,000 | 19,497,000 | 19,507,000 | 19,971,000 |
| Total capital | 20,089,000 | 20,210,000 | 20,537,000 | 21,296,000 |
| Risk-weighted assets | 49,208,000 | 73,269,000 | 89,801,000 | 112,237,000 |