Call reports 2020
PLATINUM BANK — 2020
What PLATINUM 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 | 276,132,000 | 346,357,000 | 396,242,000 | 396,712,000 |
| Total loans | 229,222,000 | 303,683,000 | 327,507,000 | 308,769,000 |
| Allowance for loan losses | 3,209,000 | 3,808,000 | 4,165,000 | 4,392,000 |
| Securities available for sale | 12,416,000 | 11,803,000 | 11,053,000 | 14,125,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 240,630,000 | 312,767,000 | 361,129,000 | 366,365,000 |
| Interest-bearing deposits | 165,863,000 | 189,378,000 | 211,371,000 | 220,521,000 |
| Noninterest-bearing deposits | 74,767,000 | 123,389,000 | 149,758,000 | 145,844,000 |
| Equity capital | 25,058,000 | 26,198,000 | 27,771,000 | 29,440,000 |
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 | 3,286,000 | 6,944,000 | 10,573,000 | 14,680,000 |
| Interest expense | 640,000 | 1,083,000 | 1,479,000 | 1,849,000 |
| Net interest income | 2,646,000 | 5,861,000 | 9,094,000 | 12,831,000 |
| Noninterest income | 286,000 | 594,000 | 1,280,000 | 1,807,000 |
| Noninterest expense | 1,846,000 | 3,715,000 | 5,709,000 | 8,013,000 |
| Provision for loan losses | 83,000 | 681,000 | 1,031,000 | 1,356,000 |
| Pretax income | 1,003,000 | 2,059,000 | 3,634,000 | 5,269,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,003,000 | 2,059,000 | 3,634,000 | 5,269,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,831,000 | 25,887,000 | 27,462,000 | 29,097,000 |
| Total capital | 27,461,000 | 28,520,000 | 30,193,000 | 31,925,000 |
| Risk-weighted assets | 209,785,000 | 209,467,000 | 217,016,000 | 224,691,000 |