Call reports 2020
COMMENCEMENT BANK — 2020
What COMMENCEMENT 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 | 395,356,000 | 548,466,000 | 511,381,000 | 527,952,000 |
| Total loans | 305,149,000 | 413,974,000 | 424,738,000 | 413,978,000 |
| Allowance for loan losses | 3,337,000 | 4,257,000 | 4,515,000 | 4,665,000 |
| Securities available for sale | 14,128,000 | 12,916,000 | 17,104,000 | 22,032,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 340,128,000 | 460,015,000 | 454,988,000 | 469,825,000 |
| Interest-bearing deposits | 242,452,000 | 304,167,000 | 312,398,000 | 331,122,000 |
| Noninterest-bearing deposits | 97,676,000 | 155,848,000 | 142,589,000 | 138,704,000 |
| Equity capital | 48,950,000 | 49,514,000 | 50,709,000 | 51,694,000 |
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 | 3,996,000 | 8,432,000 | 12,940,000 | 17,832,000 |
| Interest expense | 662,000 | 1,342,000 | 1,923,000 | 2,420,000 |
| Net interest income | 3,334,000 | 7,090,000 | 11,017,000 | 15,412,000 |
| Noninterest income | 277,000 | 454,000 | 817,000 | 1,234,000 |
| Noninterest expense | 2,434,000 | 4,888,000 | 7,417,000 | 10,388,000 |
| Provision for loan losses | 0 | 750,000 | 1,000,000 | 1,150,000 |
| Pretax income | 1,177,000 | 1,906,000 | 3,417,000 | 5,108,000 |
| Income tax | 230,000 | 379,000 | 681,000 | 1,024,000 |
| Net income | 947,000 | 1,527,000 | 2,736,000 | 4,084,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,185,000 | 47,832,000 | 49,107,000 | 50,049,000 |
| Total capital | 50,654,000 | 51,665,000 | 53,057,000 | 54,169,000 |
| Risk-weighted assets | 312,792,000 | 306,104,000 | 315,338,000 | 328,860,000 |