Call reports 2020
BRIDGEWATER BANK — 2020
What BRIDGEWATER BANK 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 | 2,413,081,000 | 2,749,327,000 | 2,768,373,000 | 2,921,764,000 |
| Total loans | 1,996,739,000 | 2,182,748,000 | 2,248,861,000 | 2,317,277,000 |
| Allowance for loan losses | 24,585,000 | 27,633,000 | 31,381,000 | 34,841,000 |
| Securities available for sale | 307,317,000 | 326,295,000 | 373,955,000 | 390,629,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,923,023,000 | 2,289,454,000 | 2,316,713,000 | 2,537,713,000 |
| Interest-bearing deposits | 1,423,910,000 | 1,593,182,000 | 1,587,271,000 | 1,829,733,000 |
| Noninterest-bearing deposits | 499,112,000 | 696,272,000 | 729,442,000 | 707,979,000 |
| Equity capital | 257,375,000 | 291,659,000 | 301,836,000 | 309,344,000 |
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 | 27,438,000 | 55,578,000 | 84,053,000 | 114,738,000 |
| Interest expense | 6,858,000 | 13,091,000 | 18,680,000 | 23,314,000 |
| Net interest income | 20,580,000 | 42,487,000 | 65,373,000 | 91,424,000 |
| Noninterest income | 1,716,000 | 2,351,000 | 3,315,000 | 4,299,000 |
| Noninterest expense | 9,814,000 | 20,585,000 | 30,283,000 | 45,565,000 |
| Provision for loan losses | 2,100,000 | 5,100,000 | 8,850,000 | 12,750,000 |
| Pretax income | 10,385,000 | 20,517,000 | 31,028,000 | 38,911,000 |
| Income tax | 2,752,000 | 5,013,000 | 7,672,000 | 9,783,000 |
| Net income | 7,633,000 | 15,504,000 | 23,356,000 | 29,128,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 251,542,000 | 284,880,000 | 293,164,000 | 299,447,000 |
| Total capital | 276,487,000 | 312,358,000 | 322,276,000 | 330,380,000 |
| Risk-weighted assets | 2,181,542,000 | 2,197,702,000 | 2,326,300,000 | 2,470,364,000 |