Call reports 2020
ANDOVER BANK, THE — 2020
What ANDOVER 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 | 446,481,000 | 488,160,000 | 508,665,000 | 526,749,000 |
| Total loans | 227,683,000 | 246,206,000 | 257,000,000 | 255,935,000 |
| Allowance for loan losses | 1,317,000 | 1,318,000 | 1,318,000 | 1,471,000 |
| Securities available for sale | 185,375,000 | 204,074,000 | 213,116,000 | 229,460,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 372,938,000 | 417,564,000 | 437,816,000 | 456,286,000 |
| Interest-bearing deposits | 287,321,000 | 306,521,000 | 322,260,000 | 333,037,000 |
| Noninterest-bearing deposits | 85,617,000 | 111,043,000 | 115,556,000 | 123,249,000 |
| Equity capital | 45,421,000 | 46,234,000 | 47,143,000 | 48,608,000 |
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 | 3,395,000 | 6,856,000 | 10,493,000 | 14,163,000 |
| Interest expense | 510,000 | 919,000 | 1,271,000 | 1,568,000 |
| Net interest income | 2,885,000 | 5,937,000 | 9,222,000 | 12,595,000 |
| Noninterest income | 721,000 | 1,489,000 | 2,338,000 | 3,335,000 |
| Noninterest expense | 2,774,000 | 5,645,000 | 8,456,000 | 11,247,000 |
| Provision for loan losses | 0 | 0 | 0 | 150,000 |
| Pretax income | 837,000 | 1,966,000 | 3,289,000 | 4,718,000 |
| Income tax | 47,000 | 137,000 | 249,000 | 364,000 |
| Net income | 790,000 | 1,829,000 | 3,040,000 | 4,354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,761,000 | 38,342,000 | 39,576,000 | 40,067,000 |
| Total capital | 40,078,000 | 39,660,000 | 40,894,000 | 41,538,000 |
| Risk-weighted assets | 203,514,000 | 219,794,000 | 239,009,000 | 232,008,000 |