Call reports 2020
PORTAGE BANK — 2020
What PORTAGE 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 | 15,692,000 | 18,203,000 | 17,931,000 | 21,642,000 |
| Total loans | 12,051,000 | 13,368,000 | 14,237,000 | 17,346,000 |
| Allowance for loan losses | 122,000 | 137,000 | 150,000 | 186,000 |
| Securities available for sale | 1,517,000 | 1,417,000 | 1,325,000 | 1,547,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,053,000 | 15,904,000 | 15,535,000 | 17,838,000 |
| Interest-bearing deposits | 10,550,000 | 13,521,000 | 13,262,000 | 15,159,000 |
| Noninterest-bearing deposits | 2,503,000 | 2,383,000 | 2,273,000 | 2,679,000 |
| Equity capital | 1,978,000 | 2,028,000 | 2,083,000 | 3,330,000 |
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 | 264,000 | 504,000 | 569,000 | 876,000 |
| Interest expense | 21,000 | 46,000 | 69,000 | 91,000 |
| Net interest income | 243,000 | 458,000 | 500,000 | 785,000 |
| Noninterest income | 14,000 | 128,000 | 459,000 | 568,000 |
| Noninterest expense | 218,000 | 471,000 | 745,000 | 1,062,000 |
| Provision for loan losses | 13,000 | 27,000 | 39,000 | 74,000 |
| Pretax income | 26,000 | 88,000 | 175,000 | 217,000 |
| Income tax | 8,000 | 20,000 | 48,000 | 74,000 |
| Net income | 18,000 | 68,000 | 127,000 | 143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,978,000 | 1,990,000 | 2,049,000 | 3,299,000 |
| Total capital | — | — | 2,199,000 | 3,484,000 |
| Risk-weighted assets | — | — | 16,132,000 | 14,861,000 |
Machine access — free, no API key
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