Call reports 2020
HERRING BANK — 2020
What HERRING 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 | 445,604,000 | 504,939,000 | 508,452,000 | 495,101,000 |
| Total loans | 331,800,000 | 372,888,000 | 389,058,000 | 394,266,000 |
| Allowance for loan losses | 3,275,000 | 3,670,000 | 3,884,000 | 4,020,000 |
| Securities available for sale | 42,900,000 | 38,006,000 | 36,844,000 | 33,971,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 403,893,000 | 461,622,000 | 463,853,000 | 448,203,000 |
| Interest-bearing deposits | 277,863,000 | 282,985,000 | 279,948,000 | 269,956,000 |
| Noninterest-bearing deposits | 126,030,000 | 178,637,000 | 183,905,000 | 178,247,000 |
| Equity capital | 40,323,000 | 40,716,000 | 42,225,000 | 44,951,000 |
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 | 5,251,000 | 10,594,000 | 16,172,000 | 22,160,000 |
| Interest expense | 851,000 | 1,378,000 | 1,808,000 | 2,144,000 |
| Net interest income | 4,400,000 | 9,216,000 | 14,364,000 | 20,016,000 |
| Noninterest income | 2,297,000 | 4,309,000 | 6,506,000 | 9,632,000 |
| Noninterest expense | 5,485,000 | 11,666,000 | 17,395,000 | 23,961,000 |
| Provision for loan losses | 0 | 411,000 | 418,000 | 723,000 |
| Pretax income | 1,237,000 | 1,491,000 | 3,100,000 | 5,001,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,237,000 | 1,491,000 | 3,100,000 | 5,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,193,000 | 43,235,000 | 44,843,000 | 46,752,000 |
| Total capital | 46,468,000 | 46,905,000 | 48,727,000 | 50,772,000 |
| Risk-weighted assets | 341,316,000 | 387,701,000 | 416,606,000 | 418,762,000 |