Call reports 2020
NEW CENTURY BANK — 2020
What NEW CENTURY 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 | 60,119,000 | 59,819,000 | 60,677,000 | 60,174,000 |
| Total loans | 52,947,000 | 51,927,000 | 52,285,000 | 51,405,000 |
| Allowance for loan losses | 874,000 | 877,000 | 881,000 | 920,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,757,000 | 52,095,000 | 52,576,000 | 52,057,000 |
| Interest-bearing deposits | 46,768,000 | 47,110,000 | 46,047,000 | 45,243,000 |
| Noninterest-bearing deposits | 4,989,000 | 4,985,000 | 6,529,000 | 6,814,000 |
| Equity capital | 5,983,000 | 5,922,000 | 6,177,000 | 6,328,000 |
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 | 1,018,000 | 2,032,000 | 3,076,000 | 4,042,000 |
| Interest expense | 256,000 | 494,000 | 712,000 | 904,000 |
| Net interest income | 762,000 | 1,538,000 | 2,364,000 | 3,138,000 |
| Noninterest income | 130,000 | 251,000 | 404,000 | 527,000 |
| Noninterest expense | 688,000 | 1,414,000 | 2,084,000 | 2,684,000 |
| Provision for loan losses | 36,000 | 72,000 | 108,000 | 144,000 |
| Pretax income | 168,000 | 303,000 | 578,000 | 840,000 |
| Income tax | -11,000 | -15,000 | 4,000 | 16,000 |
| Net income | 179,000 | 318,000 | 574,000 | 824,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,983,000 | 5,922,000 | 6,177,000 | 6,328,000 |
| Total capital | 6,540,000 | 6,463,000 | 6,688,000 | 6,814,000 |
| Risk-weighted assets | 44,260,000 | 42,950,000 | 40,549,000 | 38,514,000 |