Call reports 2020
LOCUS BANK, INC. — 2020
What LOCUS BANK, INC. 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 | 209,326,000 | 245,624,000 | 236,483,000 | 220,073,000 |
| Total loans | 161,581,000 | 188,867,000 | 188,831,000 | 173,101,000 |
| Allowance for loan losses | 2,929,000 | 2,990,000 | 2,507,000 | 2,038,000 |
| Securities available for sale | 18,218,000 | 15,936,000 | 15,418,000 | 16,190,000 |
| Securities held to maturity | 5,451,000 | 5,449,000 | 5,407,000 | 5,386,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,610,000 | 174,658,000 | 167,573,000 | 165,611,000 |
| Interest-bearing deposits | 157,108,000 | 167,829,000 | 157,520,000 | 156,352,000 |
| Noninterest-bearing deposits | 5,502,000 | 6,829,000 | 10,053,000 | 9,259,000 |
| Equity capital | 23,467,000 | 24,273,000 | 25,038,000 | 25,711,000 |
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 | 2,331,000 | 5,013,000 | 7,706,000 | 10,208,000 |
| Interest expense | 947,000 | 1,791,000 | 2,572,000 | 3,175,000 |
| Net interest income | 1,384,000 | 3,222,000 | 5,134,000 | 7,033,000 |
| Noninterest income | 139,000 | 209,000 | 296,000 | 455,000 |
| Noninterest expense | 1,087,000 | 2,214,000 | 3,191,000 | 4,331,000 |
| Provision for loan losses | 1,429,000 | 1,502,000 | 1,502,000 | 1,031,000 |
| Pretax income | -954,000 | -199,000 | 823,000 | 2,227,000 |
| Income tax | -226,000 | -106,000 | 91,000 | 370,000 |
| Net income | -728,000 | -93,000 | 732,000 | 1,857,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,296,000 | 22,920,000 | 23,735,000 | 24,453,000 |