Call reports 2020
LAKE RIDGE BANK — 2020
What LAKE RIDGE 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 | 1,336,036,000 | 1,508,544,000 | 1,507,805,000 | 1,611,748,000 |
| Total loans | 1,069,555,000 | 1,177,429,000 | 1,181,466,000 | 1,149,988,000 |
| Allowance for loan losses | 9,345,000 | 10,922,000 | 12,687,000 | 11,750,000 |
| Securities available for sale | 154,880,000 | 157,684,000 | 160,444,000 | 211,572,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,077,385,000 | 1,262,174,000 | 1,283,011,000 | 1,396,945,000 |
| Interest-bearing deposits | 850,797,000 | 948,709,000 | 964,322,000 | 1,053,102,000 |
| Noninterest-bearing deposits | 226,588,000 | 313,466,000 | 318,689,000 | 343,843,000 |
| Equity capital | 156,707,000 | 161,114,000 | 164,784,000 | 167,596,000 |
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 | 13,606,000 | 27,345,000 | 40,925,000 | 54,962,000 |
| Interest expense | 2,250,000 | 3,815,000 | 5,001,000 | 6,289,000 |
| Net interest income | 11,356,000 | 23,530,000 | 35,924,000 | 48,673,000 |
| Noninterest income | 3,224,000 | 7,151,000 | 12,983,000 | 19,239,000 |
| Noninterest expense | 9,240,000 | 18,897,000 | 29,361,000 | 40,717,000 |
| Provision for loan losses | 800,000 | 2,400,000 | 4,200,000 | 6,850,000 |
| Pretax income | 4,540,000 | 9,396,000 | 15,358,000 | 20,356,000 |
| Income tax | 1,046,000 | 2,177,000 | 3,592,000 | 4,742,000 |
| Net income | 3,494,000 | 7,219,000 | 11,766,000 | 15,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 134,869,000 | 137,792,000 | 141,207,000 | 143,724,000 |