Call reports 2020
WATERFORD COMMERCIAL AND SAVINGS BANK, THE — 2020
What WATERFORD COMMERCIAL AND SAVINGS BANK, THE 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 | 43,971,000 | 51,837,000 | 54,278,000 | 54,182,000 |
| Total loans | 28,706,000 | 29,379,000 | 30,209,000 | 30,658,000 |
| Allowance for loan losses | 169,000 | 172,000 | 175,000 | 178,000 |
| Securities available for sale | 7,080,000 | 6,815,000 | 8,667,000 | 9,112,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,316,000 | 44,910,000 | 47,351,000 | 47,193,000 |
| Interest-bearing deposits | 28,475,000 | 33,634,000 | 35,485,000 | 34,001,000 |
| Noninterest-bearing deposits | 8,841,000 | 11,276,000 | 11,866,000 | 13,192,000 |
| Equity capital | 6,542,000 | 6,772,000 | 6,836,000 | 6,901,000 |
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 | 482,000 | 957,000 | 1,423,000 | 1,883,000 |
| Interest expense | 42,000 | 90,000 | 138,000 | 177,000 |
| Net interest income | 440,000 | 867,000 | 1,285,000 | 1,706,000 |
| Noninterest income | 87,000 | 186,000 | 307,000 | 457,000 |
| Noninterest expense | 418,000 | 807,000 | 1,246,000 | 1,695,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 12,000 |
| Pretax income | 102,000 | 242,000 | 342,000 | 466,000 |
| Income tax | 17,000 | 41,000 | 58,000 | 79,000 |
| Net income | 85,000 | 201,000 | 284,000 | 387,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,639,000 | 6,724,000 | 6,778,000 | 6,850,000 |