Call reports 2021
NEEDHAM BANK — 2021
What NEEDHAM 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 | 2,797,037,000 | 2,842,972,000 | 2,933,206,000 | 2,917,992,000 |
| Total loans | 2,126,274,000 | 2,096,823,000 | 2,074,452,000 | 2,104,823,000 |
| Allowance for loan losses | 17,243,000 | 17,954,000 | 18,390,000 | 18,415,000 |
| Securities available for sale | 163,954,000 | 193,434,000 | 216,558,000 | 251,704,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,349,229,000 | 2,444,437,000 | 2,532,049,000 | 2,568,341,000 |
| Interest-bearing deposits | 2,039,506,000 | 2,129,705,000 | 2,209,064,000 | 2,240,181,000 |
| Noninterest-bearing deposits | 309,723,000 | 314,732,000 | 322,985,000 | 328,160,000 |
| Equity capital | 310,710,000 | 314,547,000 | 319,407,000 | 326,044,000 |
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 | 21,857,000 | 44,138,000 | 68,461,000 | 92,441,000 |
| Interest expense | 4,005,000 | 7,225,000 | 10,134,000 | 12,630,000 |
| Net interest income | 17,852,000 | 36,913,000 | 58,327,000 | 79,811,000 |
| Noninterest income | 2,053,000 | 3,097,000 | 3,987,000 | 6,679,000 |
| Noninterest expense | 13,958,000 | 27,936,000 | 42,439,000 | 57,289,000 |
| Provision for loan losses | 800,000 | 1,600,000 | 2,050,000 | 2,050,000 |
| Pretax income | 5,147,000 | 10,639,000 | 18,385,000 | 27,632,000 |
| Income tax | 1,398,000 | 2,899,000 | 4,989,000 | 6,057,000 |
| Net income | 3,749,000 | 7,740,000 | 13,396,000 | 21,575,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 310,489,000 | 314,481,000 | 320,136,000 | 328,315,000 |
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