Call reports 2020
REDEMPTION BANK — 2020
What REDEMPTION BANK 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 | 60,113,000 | 67,504,000 | 67,417,000 | 70,603,000 |
| Total loans | 40,056,000 | 44,846,000 | 46,095,000 | 43,607,000 |
| Allowance for loan losses | 974,000 | 978,000 | 981,000 | 1,018,000 |
| Securities available for sale | 2,364,000 | 2,431,000 | 2,421,000 | 2,303,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,524,000 | 56,897,000 | 56,679,000 | 59,685,000 |
| Interest-bearing deposits | 34,376,000 | 38,411,000 | 37,878,000 | 40,129,000 |
| Noninterest-bearing deposits | 15,148,000 | 18,486,000 | 18,801,000 | 19,556,000 |
| Equity capital | 10,008,000 | 9,982,000 | 10,074,000 | 10,135,000 |
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 | 740,000 | 1,482,000 | 2,245,000 | 3,084,000 |
| Interest expense | 111,000 | 221,000 | 318,000 | 400,000 |
| Net interest income | 629,000 | 1,261,000 | 1,927,000 | 2,684,000 |
| Noninterest income | 21,000 | 42,000 | 65,000 | 84,000 |
| Noninterest expense | 465,000 | 907,000 | 1,415,000 | 1,916,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 185,000 | 396,000 | 577,000 | 852,000 |
| Income tax | 44,000 | 121,000 | 183,000 | 195,000 |
| Net income | 141,000 | 275,000 | 394,000 | 657,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,954,000 | 9,844,000 | 9,934,000 | 9,952,000 |