Call reports 2020
VIRGINIA COMMONWEALTH BANK — 2020
What VIRGINIA COMMONWEALTH 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 | 1,178,877,000 | 1,233,656,000 | 1,246,945,000 | 1,219,037,000 |
| Total loans | 970,943,000 | 1,055,376,000 | 1,057,297,000 | 1,059,397,000 |
| Allowance for loan losses | 10,172,000 | 12,007,000 | 12,899,000 | 13,789,000 |
| Securities available for sale | 94,619,000 | 92,560,000 | 87,853,000 | 82,194,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 990,813,000 | 1,032,443,000 | 1,052,185,000 | 1,040,979,000 |
| Interest-bearing deposits | 828,031,000 | 821,698,000 | 836,838,000 | 820,829,000 |
| Noninterest-bearing deposits | 162,782,000 | 210,745,000 | 215,346,000 | 220,150,000 |
| Equity capital | 132,547,000 | 125,264,000 | 128,526,000 | 131,742,000 |
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 | 12,494,000 | 24,833,000 | 37,181,000 | 49,855,000 |
| Interest expense | 3,085,000 | 5,607,000 | 7,790,000 | 9,639,000 |
| Net interest income | 9,409,000 | 19,226,000 | 29,391,000 | 40,216,000 |
| Noninterest income | 1,345,000 | 3,058,000 | 4,662,000 | 6,490,000 |
| Noninterest expense | 7,063,000 | 24,086,000 | 30,966,000 | 38,331,000 |
| Provision for loan losses | 2,776,000 | 4,804,000 | 5,673,000 | 6,824,000 |
| Pretax income | 932,000 | -6,585,000 | -2,565,000 | 1,575,000 |
| Income tax | 152,000 | 136,000 | 944,000 | 1,778,000 |
| Net income | 780,000 | -6,721,000 | -3,509,000 | -203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,597,000 | 123,121,000 | 126,439,000 | 129,845,000 |
| Total capital | 130,880,000 | 135,239,000 | 139,161,000 | 142,673,000 |
| Risk-weighted assets | 985,106,000 | 1,013,182,000 | 1,017,446,000 | 1,025,142,000 |