Call reports 2020
SALISBURY BANK AND TRUST COMPANY — 2020
What SALISBURY BANK AND TRUST COMPANY 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 | 1,145,751,000 | 1,287,137,000 | 1,292,760,000 | 1,293,663,000 |
| Total loans | 960,339,000 | 1,058,041,000 | 1,047,355,000 | 1,044,228,000 |
| Allowance for loan losses | 10,618,000 | 12,371,000 | 13,001,000 | 13,754,000 |
| Securities available for sale | 91,332,000 | 89,452,000 | 95,720,000 | 98,411,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 968,178,000 | 1,087,791,000 | 1,097,407,000 | 1,131,042,000 |
| Interest-bearing deposits | 724,688,000 | 762,260,000 | 783,665,000 | 820,275,000 |
| Noninterest-bearing deposits | 243,490,000 | 325,531,000 | 313,742,000 | 310,767,000 |
| Equity capital | 123,565,000 | 126,004,000 | 129,817,000 | 132,407,000 |
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 | 10,719,000 | 21,662,000 | 32,664,000 | 43,434,000 |
| Interest expense | 1,777,000 | 2,949,000 | 3,871,000 | 4,676,000 |
| Net interest income | 8,942,000 | 18,713,000 | 28,793,000 | 38,758,000 |
| Noninterest income | 2,202,000 | 4,303,000 | 7,535,000 | 10,010,000 |
| Noninterest expense | 6,793,000 | 13,375,000 | 20,510,000 | 28,445,000 |
| Provision for loan losses | 1,706,000 | 3,512,000 | 4,198,000 | 5,038,000 |
| Pretax income | 2,661,000 | 6,333,000 | 11,858,000 | 15,500,000 |
| Income tax | 409,000 | 1,095,000 | 2,070,000 | 2,726,000 |
| Net income | 2,252,000 | 5,238,000 | 9,788,000 | 12,774,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,012,000 | 109,309,000 | 113,142,000 | 115,503,000 |
| Total capital | 117,738,000 | 120,802,000 | 124,616,000 | 127,254,000 |
| Risk-weighted assets | 907,444,000 | 918,504,000 | 916,339,000 | 937,959,000 |