Call reports 2020
FIRST NATIONAL BANK, CORTEZ — 2020
What FIRST NATIONAL BANK, CORTEZ 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 | 105,615,000 | 111,940,000 | 113,174,000 | 117,223,000 |
| Total loans | 65,257,000 | 65,304,000 | 65,135,000 | 66,039,000 |
| Allowance for loan losses | 973,000 | 1,000,000 | 998,000 | 995,000 |
| Securities available for sale | 18,644,000 | 14,690,000 | 13,099,000 | 12,429,000 |
| Securities held to maturity | 1,074,000 | 1,072,000 | 1,071,000 | 7,137,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,921,000 | 93,071,000 | 94,006,000 | 97,928,000 |
| Interest-bearing deposits | 60,789,000 | 61,307,000 | 63,608,000 | 66,752,000 |
| Noninterest-bearing deposits | 26,132,000 | 31,764,000 | 30,398,000 | 31,176,000 |
| Equity capital | 12,202,000 | 12,388,000 | 12,589,000 | 12,741,000 |
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 | 1,086,000 | 2,177,000 | 3,258,000 | 4,265,000 |
| Interest expense | 83,000 | 167,000 | 254,000 | 339,000 |
| Net interest income | 1,003,000 | 2,010,000 | 3,004,000 | 3,926,000 |
| Noninterest income | 110,000 | 203,000 | 312,000 | 419,000 |
| Noninterest expense | 816,000 | 1,658,000 | 2,483,000 | 3,318,000 |
| Provision for loan losses | 30,000 | 55,000 | 55,000 | 55,000 |
| Pretax income | 327,000 | 613,000 | 908,000 | 1,119,000 |
| Income tax | 75,000 | 141,000 | 210,000 | 258,000 |
| Net income | 252,000 | 472,000 | 698,000 | 861,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,884,000 | 12,103,000 | 12,331,000 | 12,494,000 |
| Total capital | 12,821,000 | 13,048,000 | 13,284,000 | 13,453,000 |
| Risk-weighted assets | 74,926,000 | 75,546,000 | 76,167,000 | 76,678,000 |