Call reports 2020
SOFI BANK, NATIONAL ASSOCIATION — 2020
What SOFI BANK, NATIONAL ASSOCIATION 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 | 141,906,000 | 169,298,000 | 168,926,000 | 149,671,000 |
| Total loans | 107,408,000 | 118,311,000 | 118,141,000 | 110,216,000 |
| Allowance for loan losses | 1,292,000 | 1,425,000 | 1,416,000 | 1,401,000 |
| Securities available for sale | 1,652,000 | 5,149,000 | 8,780,000 | 10,097,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,281,000 | 142,800,000 | 152,396,000 | 131,942,000 |
| Interest-bearing deposits | 68,334,000 | 74,182,000 | 76,677,000 | 71,421,000 |
| Noninterest-bearing deposits | 51,947,000 | 68,618,000 | 75,719,000 | 60,521,000 |
| Equity capital | 16,235,000 | 16,119,000 | 16,197,000 | 17,328,000 |
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 | 1,408,000 | 2,781,000 | 4,154,000 | 5,603,000 |
| Interest expense | 86,000 | 178,000 | 288,000 | 355,000 |
| Net interest income | 1,322,000 | 2,603,000 | 3,866,000 | 5,248,000 |
| Noninterest income | 280,000 | 486,000 | 679,000 | 885,000 |
| Noninterest expense | 1,588,000 | 3,116,000 | 4,626,000 | 6,009,000 |
| Provision for loan losses | 63,000 | 200,000 | 200,000 | 212,000 |
| Pretax income | -49,000 | -227,000 | -281,000 | -88,000 |
| Income tax | -15,000 | -73,000 | -92,000 | -38,000 |
| Net income | -34,000 | -154,000 | -189,000 | -50,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,395,000 | 13,433,000 | 13,533,000 | 14,768,000 |