Call reports 2021
HERRING BANK — 2021
What HERRING BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 539,078,000 | 524,061,000 | 521,024,000 | 518,683,000 |
| Total loans | 403,120,000 | 364,016,000 | 347,588,000 | 342,365,000 |
| Allowance for loan losses | 4,148,000 | 5,169,000 | 3,280,000 | 2,908,000 |
| Securities available for sale | 38,474,000 | 40,082,000 | 37,983,000 | 38,456,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 4,996,000 |
| Total deposits | 488,925,000 | 472,334,000 | 466,610,000 | 464,401,000 |
| Interest-bearing deposits | 283,492,000 | 281,986,000 | 288,417,000 | 291,261,000 |
| Noninterest-bearing deposits | 205,433,000 | 190,348,000 | 178,193,000 | 173,140,000 |
| Equity capital | 47,350,000 | 49,672,000 | 52,333,000 | 51,813,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,880,000 | 12,495,000 | 17,771,000 | 22,633,000 |
| Interest expense | 281,000 | 538,000 | 797,000 | 1,060,000 |
| Net interest income | 5,599,000 | 11,957,000 | 16,974,000 | 21,573,000 |
| Noninterest income | 2,777,000 | 5,718,000 | 8,354,000 | 11,294,000 |
| Noninterest expense | 5,569,000 | 12,020,000 | 18,652,000 | 26,592,000 |
| Provision for loan losses | 175,000 | 1,257,000 | -467,000 | -737,000 |
| Pretax income | 2,593,000 | 4,999,000 | 7,736,000 | 7,585,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,593,000 | 4,999,000 | 7,736,000 | 7,585,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,345,000 | 51,751,000 | 54,329,000 | 54,179,000 |
| Total capital | 53,492,000 | 56,864,000 | 57,609,000 | 57,087,000 |
| Risk-weighted assets | 431,310,000 | 408,995,000 | 386,703,000 | 380,048,000 |