Call reports 2021
ABACUS FEDERAL SAVINGS BANK — 2021
What ABACUS FEDERAL SAVINGS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 358,779,000 | 354,139,000 | 327,989,000 | 336,780,000 |
| Total loans | 268,088,000 | 252,263,000 | 241,483,000 | 236,674,000 |
| Allowance for loan losses | 3,324,000 | 3,324,000 | 3,313,000 | 3,018,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,592,000 | 302,419,000 | 276,197,000 | 284,764,000 |
| Interest-bearing deposits | 208,349,000 | 202,553,000 | 169,406,000 | 173,484,000 |
| Noninterest-bearing deposits | 99,243,000 | 99,866,000 | 106,791,000 | 111,280,000 |
| Equity capital | 49,392,000 | 49,889,000 | 50,119,000 | 50,519,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,104,000 | 6,155,000 | 9,118,000 | 11,843,000 |
| Interest expense | 571,000 | 1,078,000 | 1,473,000 | 1,727,000 |
| Net interest income | 2,533,000 | 5,077,000 | 7,645,000 | 10,116,000 |
| Noninterest income | 1,458,000 | 2,399,000 | 3,143,000 | 4,105,000 |
| Noninterest expense | 2,870,000 | 5,677,000 | 8,627,000 | 11,771,000 |
| Provision for loan losses | 0 | 0 | 0 | -295,000 |
| Pretax income | 1,121,000 | 1,799,000 | 2,161,000 | 2,745,000 |
| Income tax | 266,000 | 448,000 | 580,000 | 765,000 |
| Net income | 855,000 | 1,351,000 | 1,581,000 | 1,980,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,676,000 | 43,173,000 | 43,832,000 | 44,189,000 |
| Total capital | 44,951,000 | 45,291,000 | 45,910,000 | 46,198,000 |
| Risk-weighted assets | 174,264,000 | 161,592,000 | 158,746,000 | 153,388,000 |