Call reports 2020
FINWISE BANK — 2020
What FINWISE 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 | 177,320,000 | 267,315,000 | 314,560,000 | 314,522,000 |
| Total loans | 112,888,000 | 229,328,000 | 279,322,000 | 261,121,000 |
| Allowance for loan losses | 7,141,000 | 7,690,000 | 7,028,000 | 6,199,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 2,169,000 | 2,050,000 | 1,929,000 | 1,809,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,365,000 | 157,367,000 | 190,624,000 | 168,116,000 |
| Interest-bearing deposits | 86,059,000 | 86,685,000 | 79,345,000 | 76,409,000 |
| Noninterest-bearing deposits | 57,306,000 | 70,682,000 | 111,279,000 | 91,707,000 |
| Equity capital | 31,406,000 | 32,288,000 | 36,004,000 | 40,718,000 |
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 | 8,057,000 | 13,649,000 | 20,991,000 | 29,572,000 |
| Interest expense | 435,000 | 911,000 | 1,352,000 | 1,756,000 |
| Net interest income | 7,622,000 | 12,738,000 | 19,639,000 | 27,816,000 |
| Noninterest income | 3,904,000 | 6,721,000 | 10,182,000 | 13,461,000 |
| Noninterest expense | 4,953,000 | 9,823,000 | 15,238,000 | 20,641,000 |
| Provision for loan losses | 3,814,000 | 5,234,000 | 5,234,000 | 5,234,000 |
| Pretax income | 2,759,000 | 4,402,000 | 9,349,000 | 15,402,000 |
| Income tax | 670,000 | 1,431,000 | 2,662,000 | 4,001,000 |
| Net income | 2,089,000 | 2,971,000 | 6,687,000 | 11,401,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,061,000 | 29,847,000 | 33,400,000 | 37,806,000 |