Call reports 2021
WEST POINT BANK — 2021
What WEST POINT 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 | 372,857,000 | 375,551,000 | 343,208,000 | 341,539,000 |
| Total loans | 187,222,000 | 195,428,000 | 207,105,000 | 213,153,000 |
| Allowance for loan losses | 877,000 | 991,000 | 1,018,000 | 1,108,000 |
| Securities available for sale | 83,946,000 | 99,837,000 | 112,642,000 | 108,878,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 340,195,000 | 339,194,000 | 304,178,000 | 304,002,000 |
| Interest-bearing deposits | 251,288,000 | 272,549,000 | 233,398,000 | 237,298,000 |
| Noninterest-bearing deposits | 88,907,000 | 66,645,000 | 70,780,000 | 66,704,000 |
| Equity capital | 29,565,000 | 30,593,000 | 35,577,000 | 35,230,000 |
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 | 2,745,000 | 5,646,000 | 8,584,000 | 11,623,000 |
| Interest expense | 263,000 | 562,000 | 871,000 | 1,161,000 |
| Net interest income | 2,482,000 | 5,084,000 | 7,713,000 | 10,462,000 |
| Noninterest income | 158,000 | 341,000 | 537,000 | 749,000 |
| Noninterest expense | 1,283,000 | 2,829,000 | 4,405,000 | 6,146,000 |
| Provision for loan losses | 9,000 | 119,000 | 144,000 | 229,000 |
| Pretax income | 1,348,000 | 2,477,000 | 3,701,000 | 4,836,000 |
| Income tax | 324,000 | 588,000 | 868,000 | 1,114,000 |
| Net income | 1,024,000 | 1,889,000 | 2,833,000 | 3,722,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,417,000 | 30,158,000 | 35,031,000 | 35,720,000 |
| Total capital | 30,294,000 | 31,149,000 | 36,049,000 | 36,828,000 |
| Risk-weighted assets | 185,109,000 | 195,615,000 | 210,695,000 | 217,583,000 |