Call reports 2020
SOUND BANKING COMPANY — 2020
What SOUND BANKING COMPANY 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 | 58,402,000 | 60,078,000 | 67,035,000 | 80,490,000 |
| Total loans | 37,223,000 | 38,642,000 | 38,734,000 | 38,816,000 |
| Allowance for loan losses | 634,000 | 634,000 | 634,000 | 634,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,704,000 | 54,757,000 | 61,388,000 | 75,202,000 |
| Interest-bearing deposits | 38,115,000 | 36,893,000 | 40,654,000 | 45,850,000 |
| Noninterest-bearing deposits | 14,589,000 | 17,864,000 | 20,734,000 | 29,352,000 |
| Equity capital | 5,592,000 | 5,175,000 | 5,488,000 | 5,202,000 |
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 | 670,000 | 1,281,000 | 1,907,000 | 2,564,000 |
| Interest expense | 60,000 | 101,000 | 138,000 | 172,000 |
| Net interest income | 610,000 | 1,180,000 | 1,769,000 | 2,392,000 |
| Noninterest income | 38,000 | 75,000 | 115,000 | 169,000 |
| Noninterest expense | 376,000 | 739,000 | 1,055,000 | 1,701,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 272,000 | 516,000 | 829,000 | 860,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 272,000 | 516,000 | 829,000 | 860,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,592,000 | 5,175,000 | 5,488,000 | 5,202,000 |