Call reports 2020
AMERICAN BANK OF THE CAROLINAS — 2020
What AMERICAN BANK OF THE CAROLINAS 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 | 46,080,000 | 58,200,000 | 65,790,000 | 75,093,000 |
| Total loans | 19,214,000 | 35,826,000 | 42,333,000 | 46,188,000 |
| Allowance for loan losses | 245,000 | 320,000 | 398,000 | 473,000 |
| Securities available for sale | 6,990,000 | 7,053,000 | 7,388,000 | 10,001,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,692,000 | 38,241,000 | 46,185,000 | 55,720,000 |
| Interest-bearing deposits | 20,320,000 | 26,234,000 | 32,497,000 | 41,765,000 |
| Noninterest-bearing deposits | 5,372,000 | 12,007,000 | 13,688,000 | 13,955,000 |
| Equity capital | 20,282,000 | 19,870,000 | 19,471,000 | 19,237,000 |
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 | 318,000 | 709,000 | 1,204,000 | 1,834,000 |
| Interest expense | 65,000 | 115,000 | 159,000 | 185,000 |
| Net interest income | 253,000 | 594,000 | 1,045,000 | 1,649,000 |
| Noninterest income | 9,000 | 17,000 | 44,000 | 92,000 |
| Noninterest expense | 842,000 | 1,647,000 | 2,508,000 | 3,423,000 |
| Provision for loan losses | 81,000 | 156,000 | 234,000 | 309,000 |
| Pretax income | -661,000 | -1,192,000 | -1,653,000 | -1,991,000 |
| Income tax | 0 | 32,000 | 32,000 | 32,000 |
| Net income | -661,000 | -1,224,000 | -1,685,000 | -2,023,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,123,000 | 19,629,000 | 19,303,000 | 19,056,000 |
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