Call reports 2020
MECHANICS COOPERATIVE BANK — 2020
What MECHANICS COOPERATIVE 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 | 607,573,000 | 670,568,000 | 665,598,000 | 659,783,000 |
| Total loans | 497,797,000 | 546,041,000 | 552,731,000 | 538,598,000 |
| Allowance for loan losses | 3,579,000 | 3,640,000 | 3,638,000 | 3,974,000 |
| Securities available for sale | 72,418,000 | 71,923,000 | 71,233,000 | 75,505,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 455,982,000 | 497,044,000 | 505,166,000 | 503,353,000 |
| Interest-bearing deposits | 383,392,000 | 401,445,000 | 405,946,000 | 408,748,000 |
| Noninterest-bearing deposits | 72,590,000 | 95,599,000 | 99,220,000 | 94,605,000 |
| Equity capital | 63,076,000 | 65,140,000 | 66,873,000 | 68,402,000 |
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 | 7,151,000 | 14,269,000 | 21,026,000 | 28,210,000 |
| Interest expense | 1,532,000 | 2,747,000 | 3,858,000 | 4,805,000 |
| Net interest income | 5,619,000 | 11,522,000 | 17,168,000 | 23,405,000 |
| Noninterest income | 443,000 | 1,127,000 | 1,601,000 | 2,288,000 |
| Noninterest expense | 3,644,000 | 7,519,000 | 11,453,000 | 16,565,000 |
| Provision for loan losses | 54,000 | 117,000 | 114,000 | 456,000 |
| Pretax income | 2,334,000 | 4,983,000 | 7,187,000 | 8,657,000 |
| Income tax | 600,000 | 1,284,000 | 1,852,000 | 2,213,000 |
| Net income | 1,734,000 | 3,699,000 | 5,335,000 | 6,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,810,000 | 66,775,000 | 68,410,000 | 69,520,000 |
| Total capital | 68,747,000 | 70,821,000 | 72,373,000 | 73,968,000 |
| Risk-weighted assets | 421,133,000 | 412,122,000 | 418,016,000 | 420,202,000 |
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