Call reports 2020
WATERMARK BANK — 2020
What WATERMARK 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 | 110,423,000 | 136,896,000 | 164,381,000 | 165,127,000 |
| Total loans | 78,728,000 | 113,847,000 | 133,395,000 | 151,764,000 |
| Allowance for loan losses | 1,147,000 | 1,493,000 | 1,843,000 | 2,308,000 |
| Securities available for sale | 3,321,000 | 3,258,000 | 3,314,000 | 8,401,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,922,000 | 111,304,000 | 138,730,000 | 130,919,000 |
| Interest-bearing deposits | 70,761,000 | 85,696,000 | 110,837,000 | 86,275,000 |
| Noninterest-bearing deposits | 14,161,000 | 25,608,000 | 27,893,000 | 44,644,000 |
| Equity capital | 24,899,000 | 24,798,000 | 24,784,000 | 25,333,000 |
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 | 1,113,000 | 2,470,000 | 4,044,000 | 5,962,000 |
| Interest expense | 280,000 | 428,000 | 614,000 | 812,000 |
| Net interest income | 833,000 | 2,042,000 | 3,430,000 | 5,150,000 |
| Noninterest income | 10,000 | 28,000 | 38,000 | 304,000 |
| Noninterest expense | 848,000 | 1,933,000 | 3,038,000 | 4,056,000 |
| Provision for loan losses | 532,000 | 877,000 | 1,227,000 | 1,692,000 |
| Pretax income | -478,000 | -672,000 | -727,000 | -218,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -478,000 | -672,000 | -727,000 | -218,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,857,000 | 24,691,000 | 24,665,000 | 25,202,000 |
| Total capital | 25,908,000 | 26,156,000 | 26,366,000 | 27,275,000 |
| Risk-weighted assets | 83,985,000 | 117,176,000 | 135,975,000 | 165,620,000 |