Call reports 2020
EVERETT CO-OPERATIVE BANK — 2020
What EVERETT CO-OPERATIVE 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 | 524,741,000 | 543,704,000 | 562,099,000 | 587,624,000 |
| Total loans | 425,903,000 | 437,385,000 | 451,974,000 | 471,586,000 |
| Allowance for loan losses | 3,605,000 | 3,666,000 | 3,756,000 | 3,876,000 |
| Securities available for sale | 0 | 4,991,000 | 4,991,000 | 5,045,000 |
| Securities held to maturity | 39,635,000 | 52,074,000 | 52,384,000 | 52,961,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 431,497,000 | 446,056,000 | 464,845,000 | 491,906,000 |
| Interest-bearing deposits | 383,439,000 | 394,448,000 | 408,229,000 | 432,334,000 |
| Noninterest-bearing deposits | 48,058,000 | 51,608,000 | 56,616,000 | 59,572,000 |
| Equity capital | 69,694,000 | 70,637,000 | 71,979,000 | 73,070,000 |
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 | 5,576,000 | 10,790,000 | 16,130,000 | 21,482,000 |
| Interest expense | 1,709,000 | 3,159,000 | 4,442,000 | 5,637,000 |
| Net interest income | 3,867,000 | 7,631,000 | 11,688,000 | 15,845,000 |
| Noninterest income | 445,000 | 784,000 | 1,043,000 | 1,271,000 |
| Noninterest expense | 2,541,000 | 5,067,000 | 7,461,000 | 10,291,000 |
| Provision for loan losses | 22,000 | 82,000 | 172,000 | 292,000 |
| Pretax income | 1,749,000 | 3,266,000 | 5,098,000 | 6,533,000 |
| Income tax | 411,000 | 808,000 | 1,295,000 | 1,673,000 |
| Net income | 1,338,000 | 2,458,000 | 3,803,000 | 4,860,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,756,000 | 70,912,000 | 72,257,000 | 73,314,000 |
| Total capital | 73,548,000 | 74,765,000 | 76,200,000 | 77,377,000 |
| Risk-weighted assets | 370,083,000 | 398,818,000 | 405,999,000 | 426,842,000 |
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