Call reports 2021
REDEMPTION BANK — 2021
What REDEMPTION 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 | 69,142,000 | 70,109,000 | 69,280,000 | 74,397,000 |
| Total loans | 41,908,000 | 36,747,000 | 46,900,000 | 45,897,000 |
| Allowance for loan losses | 1,020,000 | 1,023,000 | 1,024,000 | 1,024,000 |
| Securities available for sale | 2,180,000 | 2,428,000 | 1,808,000 | 1,790,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,134,000 | 58,904,000 | 58,347,000 | 63,638,000 |
| Interest-bearing deposits | 38,483,000 | 38,090,000 | 38,033,000 | 39,541,000 |
| Noninterest-bearing deposits | 19,651,000 | 20,814,000 | 20,314,000 | 24,097,000 |
| Equity capital | 10,371,000 | 10,496,000 | 10,119,000 | 10,129,000 |
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 | 826,000 | 1,666,000 | 2,410,000 | 3,265,000 |
| Interest expense | 70,000 | 136,000 | 199,000 | 257,000 |
| Net interest income | 756,000 | 1,530,000 | 2,211,000 | 3,008,000 |
| Noninterest income | 15,000 | 30,000 | 45,000 | 118,000 |
| Noninterest expense | 445,000 | 853,000 | 1,349,000 | 1,832,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 326,000 | 707,000 | 907,000 | 1,294,000 |
| Income tax | 80,000 | 203,000 | 265,000 | 307,000 |
| Net income | 246,000 | 504,000 | 642,000 | 987,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,275,000 | 10,448,000 | 10,074,000 | 10,092,000 |