Call reports 2020
PITTSFIELD CO-OPERATIVE BANK — 2020
What PITTSFIELD CO-OPERATIVE 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 | 324,357,000 | 352,682,000 | 361,280,000 | 365,375,000 |
| Total loans | 232,378,000 | 248,343,000 | 247,590,000 | 249,809,000 |
| Allowance for loan losses | 2,302,000 | 2,598,000 | 2,839,000 | 2,839,000 |
| Securities available for sale | 36,229,000 | 44,777,000 | 51,469,000 | 60,425,000 |
| Securities held to maturity | 3,474,000 | 3,451,000 | 3,427,000 | 3,404,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 256,727,000 | 285,557,000 | 287,469,000 | 296,981,000 |
| Interest-bearing deposits | 212,423,000 | 228,720,000 | 232,246,000 | 235,478,000 |
| Noninterest-bearing deposits | 44,304,000 | 56,837,000 | 55,223,000 | 61,503,000 |
| Equity capital | 52,100,000 | 53,218,000 | 53,766,000 | 54,379,000 |
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 | 3,312,000 | 6,700,000 | 9,569,000 | 12,421,000 |
| Interest expense | 595,000 | 1,281,000 | 1,734,000 | 2,167,000 |
| Net interest income | 2,717,000 | 5,419,000 | 7,835,000 | 10,254,000 |
| Noninterest income | 457,000 | 767,000 | 1,431,000 | 1,866,000 |
| Noninterest expense | 2,232,000 | 4,514,000 | 6,763,000 | 9,084,000 |
| Provision for loan losses | 180,000 | 476,000 | 704,000 | 762,000 |
| Pretax income | 762,000 | 1,229,000 | 1,832,000 | 2,637,000 |
| Income tax | 163,000 | 240,000 | 353,000 | 506,000 |
| Net income | 599,000 | 989,000 | 1,479,000 | 2,131,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,717,000 | 44,106,000 | 44,656,000 | 45,307,000 |