Call reports 2020
ANDOVER STATE BANK — 2020
What ANDOVER STATE 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 | 116,539,000 | 132,876,000 | 132,002,000 | 134,282,000 |
| Total loans | 88,186,000 | 121,722,000 | 121,250,000 | 116,551,000 |
| Allowance for loan losses | 980,000 | 1,086,000 | 1,352,000 | 1,591,000 |
| Securities available for sale | 3,023,000 | 3,022,000 | 3,066,000 | 3,076,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,001,000 | 109,350,000 | 108,707,000 | 114,184,000 |
| Interest-bearing deposits | 78,116,000 | 81,490,000 | 82,831,000 | 86,559,000 |
| Noninterest-bearing deposits | 18,885,000 | 27,860,000 | 25,876,000 | 27,625,000 |
| Equity capital | 9,510,000 | 9,699,000 | 9,738,000 | 9,928,000 |
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 | 1,307,000 | 2,665,000 | 4,075,000 | 5,687,000 |
| Interest expense | 232,000 | 426,000 | 609,000 | 762,000 |
| Net interest income | 1,075,000 | 2,239,000 | 3,466,000 | 4,925,000 |
| Noninterest income | 150,000 | 303,000 | 507,000 | 658,000 |
| Noninterest expense | 887,000 | 1,716,000 | 2,712,000 | 3,657,000 |
| Provision for loan losses | 0 | 106,000 | 372,000 | 611,000 |
| Pretax income | 338,000 | 720,000 | 889,000 | 1,315,000 |
| Income tax | 80,000 | 171,000 | 210,000 | 308,000 |
| Net income | 258,000 | 549,000 | 679,000 | 1,007,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,510,000 | 9,699,000 | 9,738,000 | 9,928,000 |
| Total capital | 10,490,000 | 10,785,000 | 10,914,000 | 11,179,000 |
| Risk-weighted assets | 91,556,000 | 97,015,000 | 93,867,000 | 99,707,000 |