Call reports 2020
TOWN BANK, NATIONAL ASSOCIATION — 2020
What TOWN BANK, NATIONAL ASSOCIATION 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 | 2,630,165,000 | 3,058,679,000 | 2,949,114,000 | 3,027,707,000 |
| Total loans | 1,842,107,000 | 2,057,106,000 | 2,093,919,000 | 2,084,456,000 |
| Allowance for loan losses | 9,750,000 | 13,856,000 | 15,089,000 | 16,155,000 |
| Securities available for sale | 315,645,000 | 278,986,000 | 242,381,000 | 250,530,000 |
| Securities held to maturity | 80,429,000 | 69,413,000 | 59,396,000 | 61,815,000 |
| Trading assets | 21,419,000 | 24,591,000 | 23,355,000 | 20,132,000 |
| Total deposits | 2,161,189,000 | 2,576,741,000 | 2,471,462,000 | 2,524,246,000 |
| Interest-bearing deposits | 1,658,023,000 | 1,874,324,000 | 1,744,907,000 | 1,790,598,000 |
| Noninterest-bearing deposits | 503,166,000 | 702,417,000 | 726,555,000 | 733,648,000 |
| Equity capital | 298,572,000 | 302,398,000 | 306,026,000 | 310,010,000 |
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 | 20,668,000 | 40,944,000 | 60,248,000 | 78,693,000 |
| Interest expense | 4,566,000 | 7,647,000 | 10,085,000 | 12,222,000 |
| Net interest income | 16,102,000 | 33,297,000 | 50,163,000 | 66,471,000 |
| Noninterest income | 2,824,000 | 6,930,000 | 9,024,000 | 11,363,000 |
| Noninterest expense | 11,320,000 | 23,462,000 | 35,334,000 | 47,984,000 |
| Provision for loan losses | 1,472,000 | 5,745,000 | 7,045,000 | 7,719,000 |
| Pretax income | 6,203,000 | 11,114,000 | 16,905,000 | 22,219,000 |
| Income tax | 1,608,000 | 2,932,000 | 4,466,000 | 5,807,000 |
| Net income | 4,595,000 | 8,182,000 | 12,439,000 | 16,412,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 222,832,000 | 227,731,000 | 232,470,000 | 236,926,000 |
| Total capital | 231,923,000 | 240,440,000 | 246,275,000 | 252,271,000 |
| Risk-weighted assets | 2,041,744,000 | 2,051,072,000 | 2,091,926,000 | 2,136,611,000 |