Call reports 2020
WAKE FOREST FEDERAL SAVINGS AND LOAN ASSOCIATION — 2020
What WAKE FOREST FEDERAL SAVINGS AND LOAN 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 | 104,221,000 | 105,988,000 | 107,449,000 | 108,816,000 |
| Total loans | 66,976,000 | 66,770,000 | 68,438,000 | 67,650,000 |
| Allowance for loan losses | 1,434,000 | 1,434,000 | 1,434,000 | 1,434,000 |
| Securities available for sale | 1,922,000 | 1,932,000 | 2,116,000 | 2,119,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,518,000 | 80,103,000 | 81,462,000 | 82,490,000 |
| Interest-bearing deposits | 73,063,000 | 74,218,000 | 75,990,000 | 75,516,000 |
| Noninterest-bearing deposits | 5,455,000 | 5,885,000 | 5,472,000 | 6,974,000 |
| Equity capital | 24,514,000 | 24,690,000 | 24,850,000 | 25,027,000 |
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 | 1,070,000 | 2,052,000 | 3,037,000 | 4,007,000 |
| Interest expense | 242,000 | 456,000 | 646,000 | 803,000 |
| Net interest income | 828,000 | 1,596,000 | 2,391,000 | 3,204,000 |
| Noninterest income | 20,000 | 34,000 | 64,000 | 89,000 |
| Noninterest expense | 469,000 | 924,000 | 1,418,000 | 1,867,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 379,000 | 706,000 | 1,048,000 | 1,440,000 |
| Income tax | 84,000 | 157,000 | 231,000 | 319,000 |
| Net income | 295,000 | 549,000 | 817,000 | 1,121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,504,000 | 24,676,000 | 24,849,000 | 25,026,000 |