Call reports 2020
WEST POINT BANK — 2020
What WEST POINT 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 | 273,673,000 | 284,036,000 | 300,158,000 | 330,373,000 |
| Total loans | 189,682,000 | 187,581,000 | 186,919,000 | 185,489,000 |
| Allowance for loan losses | 665,000 | 876,000 | 893,000 | 882,000 |
| Securities available for sale | 66,905,000 | 61,709,000 | 57,773,000 | 60,495,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,956,000 | 250,890,000 | 268,545,000 | 298,246,000 |
| Interest-bearing deposits | 199,723,000 | 204,978,000 | 214,145,000 | 229,388,000 |
| Noninterest-bearing deposits | 44,233,000 | 45,912,000 | 54,400,000 | 68,858,000 |
| Equity capital | 26,257,000 | 27,586,000 | 28,450,000 | 29,218,000 |
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 | 3,022,000 | 6,002,000 | 8,803,000 | 11,481,000 |
| Interest expense | 822,000 | 1,184,000 | 1,490,000 | 1,773,000 |
| Net interest income | 2,200,000 | 4,818,000 | 7,313,000 | 9,708,000 |
| Noninterest income | 167,000 | 310,000 | 512,000 | 675,000 |
| Noninterest expense | 1,238,000 | 2,587,000 | 3,997,000 | 5,619,000 |
| Provision for loan losses | 40,000 | 265,000 | 285,000 | 285,000 |
| Pretax income | 1,117,000 | 2,304,000 | 3,577,000 | 4,609,000 |
| Income tax | 229,000 | 494,000 | 735,000 | 773,000 |
| Net income | 888,000 | 1,810,000 | 2,842,000 | 3,836,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,945,000 | 26,742,000 | 27,649,000 | 28,518,000 |
| Total capital | 26,610,000 | 27,618,000 | 28,542,000 | 29,400,000 |
| Risk-weighted assets | 193,591,000 | 189,905,000 | 180,598,000 | 180,486,000 |