Call reports 2020
BANK OF FARMINGTON — 2020
What BANK OF FARMINGTON 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 | 180,357,000 | 196,260,000 | 198,218,000 | 199,377,000 |
| Total loans | 119,643,000 | 128,892,000 | 130,877,000 | 135,761,000 |
| Allowance for loan losses | 1,422,000 | 1,449,000 | 1,475,000 | 1,436,000 |
| Securities available for sale | 40,647,000 | 45,203,000 | 47,675,000 | 48,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 153,465,000 | 163,556,000 | 165,135,000 | 167,029,000 |
| Interest-bearing deposits | 136,318,000 | 138,563,000 | 143,367,000 | 144,980,000 |
| Noninterest-bearing deposits | 17,147,000 | 24,993,000 | 21,768,000 | 22,049,000 |
| Equity capital | 19,804,000 | 21,794,000 | 22,196,000 | 22,471,000 |
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 | 1,769,000 | 3,478,000 | 5,368,000 | 7,241,000 |
| Interest expense | 435,000 | 811,000 | 1,118,000 | 1,397,000 |
| Net interest income | 1,334,000 | 2,667,000 | 4,250,000 | 5,844,000 |
| Noninterest income | 109,000 | 219,000 | 354,000 | 490,000 |
| Noninterest expense | 1,164,000 | 2,240,000 | 3,391,000 | 4,629,000 |
| Provision for loan losses | 0 | 33,000 | 71,000 | 100,000 |
| Pretax income | 279,000 | 636,000 | 1,165,000 | 1,628,000 |
| Income tax | 58,000 | 135,000 | 244,000 | 290,000 |
| Net income | 221,000 | 501,000 | 921,000 | 1,338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,486,000 | 20,676,000 | 21,003,000 | 21,174,000 |
| Total capital | 21,908,000 | 22,125,000 | 22,478,000 | 22,610,000 |
| Risk-weighted assets | 128,330,000 | 126,540,000 | 129,302,000 | 136,640,000 |