Call reports 2020
CROSS RIVER BANK — 2020
What CROSS RIVER 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 | 2,528,311,000 | 9,913,068,000 | 11,779,385,000 | 9,710,390,000 |
| Total loans | 1,916,534,000 | 8,092,958,000 | 9,960,410,000 | 9,183,116,000 |
| Allowance for loan losses | 55,840,000 | 61,750,000 | 70,350,000 | 50,942,000 |
| Securities available for sale | 8,034,000 | 7,039,000 | 36,282,000 | 47,217,000 |
| Securities held to maturity | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,911,342,000 | 3,039,281,000 | 3,188,417,000 | 3,022,628,000 |
| Interest-bearing deposits | 1,254,538,000 | 2,505,106,000 | 2,603,914,000 | 2,428,066,000 |
| Noninterest-bearing deposits | 656,804,000 | 534,175,000 | 584,503,000 | 594,562,000 |
| Equity capital | 248,884,000 | 345,596,000 | 321,638,000 | 383,146,000 |
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 | 48,803,000 | 114,056,000 | 203,912,000 | 324,359,000 |
| Interest expense | 8,702,000 | 24,912,000 | 46,478,000 | 67,764,000 |
| Net interest income | 40,101,000 | 89,144,000 | 157,434,000 | 256,595,000 |
| Noninterest income | 7,932,000 | 16,316,000 | 25,684,000 | 39,293,000 |
| Noninterest expense | 23,699,000 | 51,583,000 | 84,788,000 | 127,869,000 |
| Provision for loan losses | 26,980,000 | 39,709,000 | 57,340,000 | 45,975,000 |
| Pretax income | -2,646,000 | 14,168,000 | 40,990,000 | 122,484,000 |
| Income tax | -540,000 | 4,065,000 | 11,356,000 | 31,434,000 |
| Net income | -2,106,000 | 10,103,000 | 29,634,000 | 91,050,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 248,801,000 | 345,504,000 | 321,537,000 | 383,010,000 |
| Total capital | 271,274,000 | 369,188,000 | 347,616,000 | 409,480,000 |
| Risk-weighted assets | 1,764,222,000 | 1,856,439,000 | 2,041,582,000 | 2,092,544,000 |