Call reports 2020
BANK OF AKRON — 2020
What BANK OF AKRON reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 |
|---|---|---|
| Total assets | 406,490,000 | 471,221,000 |
| Total loans | 327,258,000 | 329,001,000 |
| Allowance for loan losses | 5,078,000 | 5,465,000 |
| Securities available for sale | 33,009,000 | 27,486,000 |
| Securities held to maturity | 2,589,000 | 1,578,000 |
| Trading assets | 757,000 | 780,000 |
| Total deposits | 360,758,000 | 425,696,000 |
| Interest-bearing deposits | 270,670,000 | 306,667,000 |
| Noninterest-bearing deposits | 90,088,000 | 119,029,000 |
| Equity capital | 39,550,000 | 40,279,000 |
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 |
|---|---|---|
| Interest income | 4,451,000 | 8,650,000 |
| Interest expense | 867,000 | 1,639,000 |
| Net interest income | 3,584,000 | 7,011,000 |
| Noninterest income | 330,000 | 626,000 |
| Noninterest expense | 2,956,000 | 5,457,000 |
| Provision for loan losses | 120,000 | 440,000 |
| Pretax income | 838,000 | 1,765,000 |
| Income tax | 176,000 | 371,000 |
| Net income | 662,000 | 1,394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 |
|---|---|---|
| Tier 1 capital | 38,765,000 | 39,287,000 |
| Total capital | 42,821,000 | 43,313,000 |
| Risk-weighted assets | 323,492,000 | 320,618,000 |