Call reports 2021
LAKE RIDGE BANK — 2021
What LAKE RIDGE 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 | 1,653,699,000 | 1,611,618,000 | 1,627,545,000 | 1,674,085,000 |
| Total loans | 1,194,903,000 | 1,201,575,000 | 1,174,950,000 | 1,175,823,000 |
| Allowance for loan losses | 12,447,000 | 13,933,000 | 14,538,000 | 18,477,000 |
| Securities available for sale | 219,926,000 | 234,243,000 | 260,435,000 | 274,451,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,450,459,000 | 1,406,781,000 | 1,421,253,000 | 1,484,471,000 |
| Interest-bearing deposits | 1,085,131,000 | 1,030,223,000 | 1,018,064,000 | 1,071,643,000 |
| Noninterest-bearing deposits | 365,328,000 | 376,558,000 | 403,189,000 | 412,828,000 |
| Equity capital | 168,682,000 | 172,498,000 | 175,326,000 | 175,921,000 |
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 | 13,780,000 | 27,658,000 | 41,736,000 | 54,933,000 |
| Interest expense | 1,126,000 | 2,082,000 | 2,848,000 | 3,781,000 |
| Net interest income | 12,654,000 | 25,576,000 | 38,888,000 | 51,152,000 |
| Noninterest income | 5,947,000 | 10,323,000 | 15,065,000 | 20,173,000 |
| Noninterest expense | 10,022,000 | 20,598,000 | 30,524,000 | 41,308,000 |
| Provision for loan losses | 800,000 | 2,300,000 | 3,000,000 | 6,800,000 |
| Pretax income | 7,770,000 | 12,993,000 | 20,422,000 | 24,647,000 |
| Income tax | 1,890,000 | 3,089,000 | 4,865,000 | 5,754,000 |
| Net income | 5,880,000 | 9,904,000 | 15,557,000 | 18,893,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 147,823,000 | 150,868,000 | 155,190,000 | 156,994,000 |
| Total capital | 160,270,000 | 164,801,000 | 169,728,000 | 173,891,000 |
| Risk-weighted assets | 1,280,555,000 | 1,294,956,000 | 1,322,714,000 | 1,350,193,000 |