Call reports 2021
ANDOVER BANK, THE — 2021
What ANDOVER BANK, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 560,786,000 | 566,468,000 | 578,874,000 | 574,534,000 |
| Total loans | 251,878,000 | 257,356,000 | 266,325,000 | 261,769,000 |
| Allowance for loan losses | 1,471,000 | 1,447,000 | 1,437,000 | 1,461,000 |
| Securities available for sale | 246,060,000 | 269,080,000 | 279,162,000 | 272,513,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 498,690,000 | 501,946,000 | 517,770,000 | 510,848,000 |
| Interest-bearing deposits | 367,009,000 | 371,178,000 | 382,369,000 | 371,986,000 |
| Noninterest-bearing deposits | 131,681,000 | 130,768,000 | 135,401,000 | 138,862,000 |
| Equity capital | 46,265,000 | 48,768,000 | 45,818,000 | 51,024,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,788,000 | 7,554,000 | 11,477,000 | 15,405,000 |
| Interest expense | 232,000 | 443,000 | 644,000 | 845,000 |
| Net interest income | 3,556,000 | 7,111,000 | 10,833,000 | 14,560,000 |
| Noninterest income | 867,000 | 1,724,000 | 2,566,000 | 3,503,000 |
| Noninterest expense | 2,716,000 | 5,623,000 | 8,606,000 | 12,118,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,707,000 | 3,212,000 | 4,793,000 | 5,945,000 |
| Income tax | 179,000 | 303,000 | 427,000 | 457,000 |
| Net income | 1,528,000 | 2,909,000 | 4,366,000 | 5,488,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,619,000 | 42,162,000 | 41,141,000 | 46,491,000 |
| Total capital | 43,090,000 | 43,609,000 | 42,578,000 | 47,952,000 |
| Risk-weighted assets | 236,099,000 | 223,995,000 | 228,030,000 | 215,337,000 |