Call reports 2021
GULF ATLANTIC BANK — 2021
What GULF ATLANTIC 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 | 44,865,000 | 56,977,000 | 67,463,000 | 68,455,000 |
| Total loans | 18,395,000 | 24,259,000 | 30,495,000 | 34,321,000 |
| Allowance for loan losses | 219,000 | 291,000 | 378,000 | 425,000 |
| Securities available for sale | 7,737,000 | 10,604,000 | 13,652,000 | 13,494,000 |
| Securities held to maturity | 1,500,000 | 1,500,000 | 1,500,000 | 2,850,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,373,000 | 47,166,000 | 57,887,000 | 59,289,000 |
| Interest-bearing deposits | 33,388,000 | 44,313,000 | 52,560,000 | 53,802,000 |
| Noninterest-bearing deposits | 1,985,000 | 2,853,000 | 5,327,000 | 5,487,000 |
| Equity capital | 9,338,000 | 9,563,000 | 9,304,000 | 8,906,000 |
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 | 326,000 | 665,000 | 1,131,000 | 1,646,000 |
| Interest expense | 30,000 | 72,000 | 124,000 | 181,000 |
| Net interest income | 296,000 | 593,000 | 1,007,000 | 1,465,000 |
| Noninterest income | 42,000 | 91,000 | 191,000 | 260,000 |
| Noninterest expense | 745,000 | 1,446,000 | 2,216,000 | 3,070,000 |
| Provision for loan losses | 37,000 | 109,000 | 196,000 | 243,000 |
| Pretax income | -443,000 | -872,000 | -1,215,000 | -1,589,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -443,000 | -872,000 | -1,215,000 | -1,589,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,389,000 | 9,612,000 | 9,343,000 | 9,033,000 |
| Total capital | 9,608,000 | 9,903,000 | 9,721,000 | 9,458,000 |
| Risk-weighted assets | 19,353,000 | 28,556,000 | 38,196,000 | 43,249,000 |
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