Call reports 2020
BANK OF ANN ARBOR — 2020
What BANK OF ANN ARBOR 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 | 1,845,756,000 | 2,131,847,000 | 2,219,830,000 | 2,212,232,000 |
| Total loans | 1,406,365,000 | 1,637,095,000 | 1,615,997,000 | 1,617,594,000 |
| Allowance for loan losses | 19,987,000 | 25,016,000 | 30,016,000 | 36,969,000 |
| Securities available for sale | 97,784,000 | 89,494,000 | 74,506,000 | 75,906,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,468,427,000 | 1,690,996,000 | 1,784,230,000 | 1,842,925,000 |
| Interest-bearing deposits | 1,373,486,000 | 1,571,171,000 | 1,665,503,000 | 1,708,880,000 |
| Noninterest-bearing deposits | 94,941,000 | 119,825,000 | 118,727,000 | 134,045,000 |
| Equity capital | 206,375,000 | 213,455,000 | 213,607,000 | 209,240,000 |
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 | 19,663,000 | 40,958,000 | 62,250,000 | 81,881,000 |
| Interest expense | 1,969,000 | 3,314,000 | 4,612,000 | 5,742,000 |
| Net interest income | 17,694,000 | 37,644,000 | 57,638,000 | 76,139,000 |
| Noninterest income | 3,358,000 | 7,079,000 | 11,429,000 | 15,486,000 |
| Noninterest expense | 10,902,000 | 21,820,000 | 31,823,000 | 44,561,000 |
| Provision for loan losses | 1,184,000 | 6,414,000 | 11,714,000 | 18,939,000 |
| Pretax income | 8,968,000 | 16,491,000 | 25,532,000 | 28,132,000 |
| Income tax | 1,821,000 | 3,235,000 | 5,070,000 | 5,252,000 |
| Net income | 7,147,000 | 13,256,000 | 20,462,000 | 22,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 191,603,000 | 197,977,000 | 198,026,000 | 193,767,000 |
| Total capital | 211,551,000 | 217,695,000 | 217,548,000 | 213,492,000 |
| Risk-weighted assets | 1,595,821,000 | 1,572,126,000 | 1,551,269,000 | 1,560,757,000 |