Call reports 2020
PIERMONT BANK — 2020
What PIERMONT 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 | 78,483,000 | 116,917,000 | 128,336,000 | 164,079,000 |
| Total loans | 26,785,000 | 68,998,000 | 79,488,000 | 87,614,000 |
| Allowance for loan losses | 268,000 | 691,000 | 821,000 | 1,019,000 |
| Securities available for sale | 0 | 10,303,000 | 20,456,000 | 19,799,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,720,000 | 84,567,000 | 96,529,000 | 131,767,000 |
| Interest-bearing deposits | 42,397,000 | 74,754,000 | 83,048,000 | 112,449,000 |
| Noninterest-bearing deposits | 2,323,000 | 9,813,000 | 13,481,000 | 19,318,000 |
| Equity capital | 33,327,000 | 31,477,000 | 30,497,000 | 30,832,000 |
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 | 384,000 | 984,000 | 1,950,000 | 3,156,000 |
| Interest expense | 90,000 | 150,000 | 237,000 | 317,000 |
| Net interest income | 294,000 | 834,000 | 1,713,000 | 2,839,000 |
| Noninterest income | 3,000 | 212,000 | 225,000 | 238,000 |
| Noninterest expense | 1,850,000 | 4,165,000 | 5,986,000 | 8,075,000 |
| Provision for loan losses | 268,000 | 691,000 | 821,000 | 1,019,000 |
| Pretax income | -1,821,000 | -3,810,000 | -4,869,000 | -6,017,000 |
| Income tax | 2,000 | 80,000 | 93,000 | 107,000 |
| Net income | -1,823,000 | -3,890,000 | -4,962,000 | -6,124,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,327,000 | 31,463,000 | 30,463,000 | 30,739,000 |
| Total capital | 33,595,000 | 32,154,000 | 31,284,000 | 31,758,000 |
| Risk-weighted assets | 33,601,000 | 67,037,000 | 79,287,000 | 89,951,000 |