Call reports 2020
STATE BANK OF CHERRY — 2020
What STATE BANK OF CHERRY 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 | 88,876,000 | 101,841,000 | 104,319,000 | 104,992,000 |
| Total loans | 66,342,000 | 71,223,000 | 74,155,000 | 81,396,000 |
| Allowance for loan losses | 776,000 | 870,000 | 975,000 | 1,069,000 |
| Securities available for sale | 12,427,000 | 14,351,000 | 14,444,000 | 14,708,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,440,000 | 87,262,000 | 89,717,000 | 90,691,000 |
| Interest-bearing deposits | 62,295,000 | 68,568,000 | 70,396,000 | 72,088,000 |
| Noninterest-bearing deposits | 14,145,000 | 18,694,000 | 19,321,000 | 18,603,000 |
| Equity capital | 12,290,000 | 13,552,000 | 13,536,000 | 13,348,000 |
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 | 926,000 | 1,960,000 | 2,883,000 | 3,806,000 |
| Interest expense | 125,000 | 252,000 | 384,000 | 516,000 |
| Net interest income | 801,000 | 1,708,000 | 2,499,000 | 3,290,000 |
| Noninterest income | 32,000 | 60,000 | 91,000 | 133,000 |
| Noninterest expense | 461,000 | 960,000 | 1,403,000 | 1,848,000 |
| Provision for loan losses | 33,000 | 123,000 | 213,000 | 303,000 |
| Pretax income | 347,000 | 693,000 | 982,000 | 1,280,000 |
| Income tax | 3,000 | 6,000 | 9,000 | 12,000 |
| Net income | 344,000 | 687,000 | 973,000 | 1,268,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,706,000 | 12,891,000 | 12,815,000 | 12,547,000 |