Call reports 2020
COASTAL CAROLINA NATIONAL BANK — 2020
What COASTAL CAROLINA NATIONAL 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 | 477,398,000 | 549,681,000 | 574,006,000 | 601,198,000 |
| Total loans | 372,804,000 | 401,558,000 | 423,393,000 | 423,254,000 |
| Allowance for loan losses | 3,101,000 | 3,871,000 | 3,982,000 | 4,282,000 |
| Securities available for sale | 30,979,000 | 63,045,000 | 67,417,000 | 66,746,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 425,241,000 | 491,192,000 | 514,401,000 | 538,644,000 |
| Interest-bearing deposits | 364,919,000 | 393,511,000 | 420,050,000 | 441,507,000 |
| Noninterest-bearing deposits | 60,322,000 | 97,681,000 | 94,351,000 | 97,137,000 |
| Equity capital | 47,223,000 | 52,937,000 | 54,566,000 | 57,429,000 |
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 | 5,016,000 | 10,460,000 | 15,910,000 | 21,416,000 |
| Interest expense | 1,145,000 | 2,157,000 | 3,061,000 | 3,802,000 |
| Net interest income | 3,871,000 | 8,303,000 | 12,849,000 | 17,614,000 |
| Noninterest income | 566,000 | 1,395,000 | 2,543,000 | 3,993,000 |
| Noninterest expense | 3,217,000 | 6,721,000 | 10,511,000 | 14,679,000 |
| Provision for loan losses | 215,000 | 985,000 | 1,390,000 | 1,690,000 |
| Pretax income | 1,005,000 | 2,031,000 | 3,530,000 | 5,277,000 |
| Income tax | 216,000 | 432,000 | 748,000 | 1,087,000 |
| Net income | 789,000 | 1,599,000 | 2,782,000 | 4,190,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,229,000 | 47,075,000 | 48,328,000 | 50,738,000 |
| Total capital | 45,330,000 | 50,946,000 | 52,310,000 | 55,020,000 |
| Risk-weighted assets | 379,957,000 | 391,974,000 | 412,195,000 | 418,151,000 |