Call reports 2020
APEX BANKING COMPANY OF GEORGIA — 2020
What APEX BANKING COMPANY OF GEORGIA 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 | 49,466,000 | 51,368,000 | 50,917,000 | 55,204,000 |
| Total loans | 27,125,000 | 26,000,000 | 25,783,000 | 23,783,000 |
| Allowance for loan losses | 542,000 | 400,000 | 418,000 | 419,000 |
| Securities available for sale | 16,274,000 | 20,139,000 | 19,886,000 | 19,368,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,853,000 | 42,397,000 | 41,798,000 | 46,173,000 |
| Interest-bearing deposits | 27,235,000 | 26,648,000 | 26,643,000 | 30,288,000 |
| Noninterest-bearing deposits | 13,618,000 | 15,749,000 | 15,155,000 | 15,885,000 |
| Equity capital | 8,445,000 | 8,735,000 | 8,858,000 | 8,795,000 |
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 | 539,000 | 1,040,000 | 1,551,000 | 2,039,000 |
| Interest expense | 42,000 | 78,000 | 112,000 | 147,000 |
| Net interest income | 497,000 | 962,000 | 1,439,000 | 1,892,000 |
| Noninterest income | 50,000 | 88,000 | 129,000 | 178,000 |
| Noninterest expense | 391,000 | 777,000 | 1,152,000 | 1,604,000 |
| Provision for loan losses | 0 | 25,000 | 50,000 | 50,000 |
| Pretax income | 155,000 | 247,000 | 365,000 | 416,000 |
| Income tax | 35,000 | 51,000 | 72,000 | 75,000 |
| Net income | 120,000 | 196,000 | 293,000 | 341,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,333,000 | 8,314,000 | 8,411,000 | 8,363,000 |