Call reports 2020
LITCHFIELD NATIONAL BANK, THE — 2020
What LITCHFIELD NATIONAL BANK, THE 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 | 111,817,000 | 117,421,000 | 123,564,000 | 125,325,000 |
| Total loans | 62,642,000 | 66,510,000 | 72,921,000 | 73,409,000 |
| Allowance for loan losses | 555,000 | 586,000 | 606,000 | 626,000 |
| Securities available for sale | 21,956,000 | 25,352,000 | 23,690,000 | 20,135,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,698,000 | 99,270,000 | 105,598,000 | 107,262,000 |
| Interest-bearing deposits | 73,121,000 | 73,010,000 | 76,409,000 | 78,185,000 |
| Noninterest-bearing deposits | 24,577,000 | 26,260,000 | 29,189,000 | 29,077,000 |
| Equity capital | 9,664,000 | 9,665,000 | 9,665,000 | 9,697,000 |
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 | 1,054,000 | 2,197,000 | 3,151,000 | 4,144,000 |
| Interest expense | 188,000 | 343,000 | 478,000 | 605,000 |
| Net interest income | 866,000 | 1,854,000 | 2,673,000 | 3,539,000 |
| Noninterest income | 130,000 | 356,000 | 557,000 | 682,000 |
| Noninterest expense | 870,000 | 1,772,000 | 2,591,000 | 3,412,000 |
| Provision for loan losses | 0 | 20,000 | 95,000 | 115,000 |
| Pretax income | 266,000 | 560,000 | 692,000 | 846,000 |
| Income tax | 57,000 | 122,000 | 143,000 | 168,000 |
| Net income | 209,000 | 438,000 | 549,000 | 678,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,597,000 | 9,625,000 | 9,637,000 | 9,666,000 |
| Total capital | 10,178,000 | — | — | — |
| Risk-weighted assets | 63,515,000 | — | — | — |