Call reports 2020
FIRST BANK ELK RIVER — 2020
What FIRST BANK ELK RIVER 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 | 285,170,000 | 333,083,000 | 358,709,000 | 361,412,000 |
| Total loans | 175,566,000 | 212,168,000 | 227,362,000 | 228,439,000 |
| Allowance for loan losses | 1,720,000 | 1,748,000 | 1,853,000 | 1,875,000 |
| Securities available for sale | 90,246,000 | 69,214,000 | 63,161,000 | 63,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 211,500,000 | 249,180,000 | 269,692,000 | 268,483,000 |
| Interest-bearing deposits | 153,591,000 | 162,514,000 | 181,911,000 | 185,147,000 |
| Noninterest-bearing deposits | 57,909,000 | 86,666,000 | 87,781,000 | 83,336,000 |
| Equity capital | 29,879,000 | 30,645,000 | 31,090,000 | 31,769,000 |
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 | 2,525,000 | 4,940,000 | 7,325,000 | 9,810,000 |
| Interest expense | 432,000 | 849,000 | 1,269,000 | 1,680,000 |
| Net interest income | 2,093,000 | 4,091,000 | 6,056,000 | 8,130,000 |
| Noninterest income | 335,000 | 837,000 | 1,463,000 | 1,941,000 |
| Noninterest expense | 2,163,000 | 4,162,000 | 6,126,000 | 7,676,000 |
| Provision for loan losses | 30,000 | 54,000 | 161,000 | 181,000 |
| Pretax income | 269,000 | 1,038,000 | 1,558,000 | 2,540,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 269,000 | 1,038,000 | 1,558,000 | 2,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,928,000 | 28,697,000 | 29,216,000 | 30,199,000 |