Call reports 2020
NATIONAL GRAND BANK OF MARBLEHEAD — 2020
What NATIONAL GRAND BANK OF MARBLEHEAD 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 | 354,580,000 | 381,089,000 | 408,625,000 | 407,427,000 |
| Total loans | 265,082,000 | 281,967,000 | 284,561,000 | 281,127,000 |
| Allowance for loan losses | 1,743,000 | 1,789,000 | 1,829,000 | 1,836,000 |
| Securities available for sale | 59,598,000 | 57,652,000 | 62,335,000 | 68,988,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 287,471,000 | 314,390,000 | 345,324,000 | 347,451,000 |
| Interest-bearing deposits | 199,034,000 | 207,017,000 | 233,871,000 | 231,151,000 |
| Noninterest-bearing deposits | 88,437,000 | 107,373,000 | 111,453,000 | 116,300,000 |
| Equity capital | 41,563,000 | 41,745,000 | 41,938,000 | 42,736,000 |
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 | 3,169,000 | 6,208,000 | 9,299,000 | 12,338,000 |
| Interest expense | 562,000 | 963,000 | 1,301,000 | 1,574,000 |
| Net interest income | 2,607,000 | 5,245,000 | 7,998,000 | 10,764,000 |
| Noninterest income | 270,000 | 501,000 | 751,000 | 1,010,000 |
| Noninterest expense | 1,746,000 | 3,554,000 | 5,284,000 | 6,956,000 |
| Provision for loan losses | 50,000 | 90,000 | 119,000 | 119,000 |
| Pretax income | 1,081,000 | 2,117,000 | 3,361,000 | 4,714,000 |
| Income tax | 247,000 | 488,000 | 786,000 | 1,114,000 |
| Net income | 834,000 | 1,629,000 | 2,575,000 | 3,600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,871,000 | 39,743,000 | 40,024,000 | 40,768,000 |