Call reports 2021
COMMENCEMENT BANK — 2021
What COMMENCEMENT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 579,065,000 | 561,811,000 | 548,047,000 | 531,242,000 |
| Total loans | 415,767,000 | 386,204,000 | 352,436,000 | 346,319,000 |
| Allowance for loan losses | 4,661,000 | 4,735,000 | 4,735,000 | 4,735,000 |
| Securities available for sale | 31,169,000 | 54,074,000 | 74,049,000 | 100,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 520,442,000 | 504,603,000 | 489,153,000 | 473,157,000 |
| Interest-bearing deposits | 359,217,000 | 345,793,000 | 341,394,000 | 326,390,000 |
| Noninterest-bearing deposits | 161,226,000 | 158,810,000 | 147,759,000 | 146,767,000 |
| Equity capital | 52,705,000 | 52,624,000 | 54,002,000 | 52,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,048,000 | 10,148,000 | 14,835,000 | 19,179,000 |
| Interest expense | 433,000 | 818,000 | 1,152,000 | 1,433,000 |
| Net interest income | 4,615,000 | 9,330,000 | 13,683,000 | 17,746,000 |
| Noninterest income | 248,000 | 489,000 | 726,000 | 945,000 |
| Noninterest expense | 2,867,000 | 5,530,000 | 8,297,000 | 11,082,000 |
| Provision for loan losses | 0 | 2,400,000 | 2,400,000 | 2,400,000 |
| Pretax income | 1,996,000 | 1,889,000 | 3,712,000 | 5,209,000 |
| Income tax | 395,000 | 350,000 | 716,000 | 1,014,000 |
| Net income | 1,601,000 | 1,539,000 | 2,996,000 | 4,195,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,298,000 | 51,281,000 | 52,846,000 | 52,147,000 |
| Total capital | 55,441,000 | 55,546,000 | 57,141,000 | 56,441,000 |
| Risk-weighted assets | 330,772,000 | 340,557,000 | 342,969,000 | 342,983,000 |