Call reports 2020
FORBRIGHT BANK — 2020
What FORBRIGHT 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 | 1,174,415,000 | 1,539,803,000 | 1,567,218,000 | 1,847,692,000 |
| Total loans | 944,950,000 | 1,279,182,000 | 1,347,306,000 | 1,534,990,000 |
| Allowance for loan losses | 7,875,000 | 8,959,000 | 9,636,000 | 12,928,000 |
| Securities available for sale | 24,287,000 | 24,472,000 | 24,450,000 | 24,267,000 |
| Securities held to maturity | 7,501,000 | 7,501,000 | 7,501,000 | 7,501,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 993,835,000 | 1,235,200,000 | 1,204,690,000 | 1,390,824,000 |
| Interest-bearing deposits | 723,542,000 | 837,353,000 | 794,314,000 | 1,032,843,000 |
| Noninterest-bearing deposits | 270,293,000 | 397,847,000 | 410,376,000 | 357,981,000 |
| Equity capital | 170,839,000 | 175,075,000 | 182,158,000 | 186,652,000 |
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 | 15,434,000 | 32,262,000 | 51,040,000 | 69,846,000 |
| Interest expense | 2,973,000 | 5,890,000 | 8,427,000 | 10,477,000 |
| Net interest income | 12,461,000 | 26,372,000 | 42,613,000 | 59,369,000 |
| Noninterest income | 3,320,000 | 9,028,000 | 18,215,000 | 26,437,000 |
| Noninterest expense | 14,048,000 | 27,976,000 | 43,559,000 | 59,611,000 |
| Provision for loan losses | 1,391,000 | 2,594,000 | 3,313,000 | 6,612,000 |
| Pretax income | 344,000 | 4,832,000 | 13,958,000 | 19,585,000 |
| Income tax | 94,000 | 1,314,000 | 3,795,000 | 5,325,000 |
| Net income | 250,000 | 3,518,000 | 10,163,000 | 14,260,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,078,000 | 146,143,000 | 153,263,000 | 157,934,000 |
| Total capital | 150,521,000 | 155,900,000 | 163,914,000 | 171,962,000 |
| Risk-weighted assets | 1,019,201,000 | 981,146,000 | 1,101,074,000 | 1,364,976,000 |