Call reports 2020
GRINNELL STATE BANK — 2020
What GRINNELL STATE 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 | 335,771,000 | 363,469,000 | 375,910,000 | 406,330,000 |
| Total loans | 255,550,000 | 278,359,000 | 281,258,000 | 292,942,000 |
| Allowance for loan losses | 2,556,000 | 2,001,000 | 2,210,000 | 2,610,000 |
| Securities available for sale | 45,819,000 | 60,414,000 | 60,190,000 | 72,627,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 258,041,000 | 283,562,000 | 299,180,000 | 330,044,000 |
| Interest-bearing deposits | 201,482,000 | 214,265,000 | 223,680,000 | 246,527,000 |
| Noninterest-bearing deposits | 56,559,000 | 69,297,000 | 75,500,000 | 83,517,000 |
| Equity capital | 41,959,000 | 44,209,000 | 44,913,000 | 45,001,000 |
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 | 3,587,000 | 8,001,000 | 11,733,000 | 15,423,000 |
| Interest expense | 709,000 | 1,395,000 | 1,985,000 | 2,609,000 |
| Net interest income | 2,878,000 | 6,606,000 | 9,748,000 | 12,814,000 |
| Noninterest income | 385,000 | 697,000 | 997,000 | 1,304,000 |
| Noninterest expense | 2,050,000 | 3,903,000 | 5,819,000 | 8,062,000 |
| Provision for loan losses | 0 | 100,000 | 300,000 | 700,000 |
| Pretax income | 1,232,000 | 3,319,000 | 4,645,000 | 5,375,000 |
| Income tax | 320,000 | 845,000 | 1,186,000 | 1,302,000 |
| Net income | 912,000 | 2,474,000 | 3,459,000 | 4,073,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,551,000 | 42,812,000 | 43,497,000 | 43,837,000 |
| Total capital | 44,107,000 | 44,813,000 | 45,707,000 | 46,447,000 |
| Risk-weighted assets | 271,984,000 | 284,870,000 | 290,341,000 | 305,985,000 |