Call reports 2020
NEEDHAM BANK — 2020
What NEEDHAM 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 | 2,495,379,000 | 2,596,399,000 | 2,568,792,000 | 2,664,111,000 |
| Total loans | 2,089,989,000 | 2,282,192,000 | 2,253,614,000 | 2,195,153,000 |
| Allowance for loan losses | 16,677,000 | 17,839,000 | 18,333,000 | 19,845,000 |
| Securities available for sale | 183,070,000 | 178,130,000 | 167,378,000 | 156,192,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,921,179,000 | 2,077,162,000 | 2,041,189,000 | 2,205,851,000 |
| Interest-bearing deposits | 1,776,003,000 | 1,825,929,000 | 1,821,089,000 | 1,909,378,000 |
| Noninterest-bearing deposits | 145,176,000 | 251,233,000 | 220,100,000 | 296,473,000 |
| Equity capital | 295,040,000 | 299,982,000 | 303,286,000 | 307,231,000 |
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 | 25,805,000 | 47,938,000 | 72,063,000 | 96,247,000 |
| Interest expense | 8,436,000 | 15,340,000 | 21,331,000 | 26,252,000 |
| Net interest income | 17,369,000 | 32,598,000 | 50,732,000 | 69,995,000 |
| Noninterest income | 2,479,000 | 4,729,000 | 6,557,000 | 8,278,000 |
| Noninterest expense | 13,138,000 | 25,210,000 | 38,063,000 | 51,961,000 |
| Provision for loan losses | 1,500,000 | 2,650,000 | 5,400,000 | 6,900,000 |
| Pretax income | 5,266,000 | 9,523,000 | 13,889,000 | 19,514,000 |
| Income tax | 1,451,000 | 2,600,000 | 3,749,000 | 5,279,000 |
| Net income | 3,815,000 | 6,923,000 | 10,140,000 | 14,235,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 296,470,000 | 299,578,000 | 302,795,000 | 306,739,000 |
| Total capital | 313,147,000 | — | — | — |
| Risk-weighted assets | 2,118,776,000 | — | — | — |
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