Call reports 2020
BANK OF PALMER — 2020
What BANK OF PALMER 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 | 46,086,000 | 48,201,000 | 48,300,000 | 49,090,000 |
| Total loans | 21,540,000 | 23,624,000 | 24,286,000 | 23,524,000 |
| Allowance for loan losses | 350,000 | 373,000 | 373,000 | 352,000 |
| Securities available for sale | 14,505,000 | 22,259,000 | 22,521,000 | 22,791,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,205,000 | 42,312,000 | 42,205,000 | 43,118,000 |
| Interest-bearing deposits | 35,405,000 | 36,118,000 | 36,588,000 | 36,683,000 |
| Noninterest-bearing deposits | 5,800,000 | 6,194,000 | 5,617,000 | 6,435,000 |
| Equity capital | 4,741,000 | 5,589,000 | 5,701,000 | 5,838,000 |
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 | 435,000 | 833,000 | 1,264,000 | 1,692,000 |
| Interest expense | 83,000 | 161,000 | 234,000 | 305,000 |
| Net interest income | 352,000 | 672,000 | 1,030,000 | 1,387,000 |
| Noninterest income | 13,000 | 25,000 | 33,000 | 40,000 |
| Noninterest expense | 264,000 | 524,000 | 784,000 | 1,067,000 |
| Provision for loan losses | 0 | 0 | 0 | -50,000 |
| Pretax income | 121,000 | 193,000 | 302,000 | 434,000 |
| Income tax | 16,000 | 19,000 | 27,000 | 44,000 |
| Net income | 105,000 | 174,000 | 275,000 | 390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,899,000 | 4,968,000 | 4,994,000 | 5,109,000 |