Call reports 2020
CHARLEVOIX STATE BANK — 2020
What CHARLEVOIX STATE 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 | 195,768,000 | 219,503,000 | 259,442,000 | 251,734,000 |
| Total loans | 118,974,000 | 136,010,000 | 135,102,000 | 123,481,000 |
| Allowance for loan losses | 1,193,000 | 1,641,000 | 1,646,000 | 1,647,000 |
| Securities available for sale | 36,153,000 | 38,617,000 | 57,127,000 | 69,191,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,762,000 | 198,503,000 | 237,688,000 | 229,638,000 |
| Interest-bearing deposits | 118,529,000 | 122,647,000 | 150,313,000 | 150,245,000 |
| Noninterest-bearing deposits | 57,233,000 | 75,856,000 | 87,375,000 | 79,393,000 |
| Equity capital | 18,678,000 | 19,256,000 | 19,789,000 | 21,286,000 |
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 | 1,870,000 | 4,142,000 | 6,009,000 | 8,167,000 |
| Interest expense | 97,000 | 195,000 | 299,000 | 405,000 |
| Net interest income | 1,773,000 | 3,947,000 | 5,710,000 | 7,762,000 |
| Noninterest income | 453,000 | 1,028,000 | 2,084,000 | 2,905,000 |
| Noninterest expense | 1,399,000 | 2,775,000 | 4,413,000 | 5,998,000 |
| Provision for loan losses | 0 | 440,000 | 440,000 | 440,000 |
| Pretax income | 831,000 | 1,764,000 | 2,945,000 | 4,233,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 831,000 | 1,764,000 | 2,945,000 | 4,233,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,185,000 | 18,485,000 | 18,785,000 | 20,272,000 |