Call reports 2020
GRANITE MOUNTAIN BANK, INC. — 2020
What GRANITE MOUNTAIN BANK, INC. 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 | 83,903,000 | 98,742,000 | 107,681,000 | 108,626,000 |
| Total loans | 45,269,000 | 54,731,000 | 52,562,000 | 47,624,000 |
| Allowance for loan losses | 606,000 | 722,000 | 723,000 | 727,000 |
| Securities available for sale | 7,720,000 | 6,232,000 | 5,217,000 | 11,955,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,524,000 | 89,103,000 | 97,825,000 | 98,573,000 |
| Interest-bearing deposits | 39,009,000 | 42,251,000 | 44,612,000 | 44,061,000 |
| Noninterest-bearing deposits | 35,515,000 | 46,852,000 | 53,213,000 | 54,512,000 |
| Equity capital | 7,825,000 | 8,155,000 | 8,317,000 | 8,638,000 |
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 | 758,000 | 1,814,000 | 2,540,000 | 3,225,000 |
| Interest expense | 15,000 | 24,000 | 31,000 | 38,000 |
| Net interest income | 743,000 | 1,790,000 | 2,509,000 | 3,187,000 |
| Noninterest income | 85,000 | 174,000 | 298,000 | 572,000 |
| Noninterest expense | 658,000 | 1,278,000 | 1,909,000 | 2,453,000 |
| Provision for loan losses | 78,000 | 190,000 | 190,000 | 190,000 |
| Pretax income | 92,000 | 501,000 | 714,000 | 1,125,000 |
| Income tax | 22,000 | 111,000 | 156,000 | 240,000 |
| Net income | 70,000 | 390,000 | 558,000 | 885,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,693,000 | 8,008,000 | 8,180,000 | 8,508,000 |
| Total capital | 8,202,000 | — | 8,707,000 | 9,035,000 |
| Risk-weighted assets | 40,473,000 | — | 41,965,000 | 41,996,000 |