Call reports 2020
GROVE BANK — 2020
What GROVE 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 | 33,684,000 | 34,927,000 | 34,646,000 | 36,047,000 |
| Total loans | 15,092,000 | 17,205,000 | 19,344,000 | 23,696,000 |
| Allowance for loan losses | 34,000 | 40,000 | 47,000 | 55,000 |
| Securities available for sale | 250,000 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 250,000 | 252,000 | 250,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,447,000 | 24,719,000 | 24,503,000 | 25,881,000 |
| Interest-bearing deposits | 18,809,000 | 19,170,000 | 18,605,000 | 19,643,000 |
| Noninterest-bearing deposits | 4,637,000 | 5,550,000 | 5,899,000 | 6,238,000 |
| Equity capital | 5,342,000 | 5,393,000 | 5,432,000 | 5,500,000 |
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 | 280,000 | 539,000 | 824,000 | 1,144,000 |
| Interest expense | 65,000 | 135,000 | 203,000 | 271,000 |
| Net interest income | 215,000 | 404,000 | 621,000 | 873,000 |
| Noninterest income | 28,000 | 64,000 | 86,000 | 119,000 |
| Noninterest expense | 151,000 | 308,000 | 481,000 | 668,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 86,000 | 148,000 | 208,000 | 300,000 |
| Income tax | 25,000 | 36,000 | 58,000 | 82,000 |
| Net income | 61,000 | 112,000 | 150,000 | 218,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,142,000 | 3,212,000 | 3,275,000 | 3,373,000 |