Call reports 2021
BANK OF PALMER — 2021
What BANK OF PALMER reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Total assets | 53,765,000 | 51,875,000 | 51,677,000 |
| Total loans | 20,641,000 | 21,524,000 | 22,651,000 |
| Allowance for loan losses | 350,000 | 380,000 | 379,000 |
| Securities available for sale | 26,262,000 | 24,196,000 | 16,429,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 48,069,000 | 45,858,000 | 45,567,000 |
| Interest-bearing deposits | 40,040,000 | 38,811,000 | 38,860,000 |
| Noninterest-bearing deposits | 8,029,000 | 7,047,000 | 6,707,000 |
| Equity capital | 5,508,000 | 5,710,000 | 5,726,000 |
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 |
|---|---|---|---|
| Interest income | 386,000 | 766,000 | 1,144,000 |
| Interest expense | 71,000 | 143,000 | 216,000 |
| Net interest income | 315,000 | 623,000 | 928,000 |
| Noninterest income | 10,000 | 64,000 | 75,000 |
| Noninterest expense | 278,000 | 541,000 | 804,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 47,000 | 322,000 | 426,000 |
| Income tax | 2,000 | 36,000 | 45,000 |
| Net income | 45,000 | 286,000 | 381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Tier 1 capital | 5,054,000 | 5,295,000 | 5,390,000 |