Call reports 2020
OCEAN BANK — 2020
What OCEAN 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 | 4,080,681,000 | 4,572,255,000 | 4,594,514,000 | 4,532,395,000 |
| Total loans | 3,336,141,000 | 3,687,312,000 | 3,742,907,000 | 3,768,582,000 |
| Allowance for loan losses | 50,310,000 | 55,940,000 | 56,664,000 | 62,587,000 |
| Securities available for sale | 442,601,000 | 421,034,000 | 418,332,000 | 410,701,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,415,826,000 | 3,819,149,000 | 3,904,112,000 | 3,927,063,000 |
| Interest-bearing deposits | 3,292,891,000 | 3,671,917,000 | 3,754,126,000 | 3,737,158,000 |
| Noninterest-bearing deposits | 122,935,000 | 147,232,000 | 149,986,000 | 189,905,000 |
| Equity capital | 482,082,000 | 492,324,000 | 504,412,000 | 516,118,000 |
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 | 43,313,000 | 82,448,000 | 122,436,000 | 163,059,000 |
| Interest expense | 7,243,000 | 10,768,000 | 13,395,000 | 15,728,000 |
| Net interest income | 36,070,000 | 71,680,000 | 109,041,000 | 147,331,000 |
| Noninterest income | 5,428,000 | 9,761,000 | 14,654,000 | 31,244,000 |
| Noninterest expense | 30,691,000 | 60,862,000 | 88,936,000 | 120,051,000 |
| Provision for loan losses | 3,000,000 | 9,000,000 | 12,000,000 | 17,000,000 |
| Pretax income | 7,981,000 | 12,059,000 | 23,517,000 | 42,279,000 |
| Income tax | 1,920,000 | 2,837,000 | 3,486,000 | 10,464,000 |
| Net income | 6,061,000 | 9,222,000 | 20,031,000 | 31,815,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 468,911,000 | 472,348,000 | 484,371,000 | 498,102,000 |
| Total capital | 513,474,000 | 518,334,000 | 531,722,000 | 545,881,000 |
| Risk-weighted assets | 3,555,228,000 | 3,664,835,000 | 3,774,742,000 | 3,803,475,000 |