Call reports 2020
BERKSHIRE BANK, THE — 2020
What BERKSHIRE BANK, THE 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 | 666,436,000 | 737,930,000 | 686,442,000 | 673,236,000 |
| Total loans | 336,100,000 | 335,748,000 | 325,616,000 | 322,872,000 |
| Allowance for loan losses | 7,331,000 | 7,331,000 | 9,850,000 | 10,350,000 |
| Securities available for sale | 126,856,000 | 93,830,000 | 92,327,000 | 74,240,000 |
| Securities held to maturity | 4,000 | 4,000 | 3,000 | 3,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 534,947,000 | 606,475,000 | 557,111,000 | 543,227,000 |
| Interest-bearing deposits | 419,546,000 | 453,255,000 | 434,493,000 | 414,872,000 |
| Noninterest-bearing deposits | 115,401,000 | 153,219,000 | 122,618,000 | 128,354,000 |
| Equity capital | 122,894,000 | 123,684,000 | 122,322,000 | 123,650,000 |
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 | 6,112,000 | 11,343,000 | 16,542,000 | 21,289,000 |
| Interest expense | 1,227,000 | 2,258,000 | 2,923,000 | 3,411,000 |
| Net interest income | 4,885,000 | 9,085,000 | 13,619,000 | 17,878,000 |
| Noninterest income | 96,000 | 164,000 | 187,000 | 260,000 |
| Noninterest expense | 3,650,000 | 7,503,000 | 11,462,000 | 14,919,000 |
| Provision for loan losses | 274,000 | 274,000 | 2,793,000 | 3,294,000 |
| Pretax income | 359,000 | 1,124,000 | -632,000 | -14,000 |
| Income tax | 120,000 | 264,000 | -215,000 | -710,000 |
| Net income | 239,000 | 860,000 | -417,000 | 696,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,606,000 | 123,388,000 | 122,120,000 | 123,233,000 |
| Total capital | — | 127,886,000 | 126,455,000 | 127,537,000 |
| Risk-weighted assets | — | 356,973,000 | 341,298,000 | 338,306,000 |