Call reports 2020
GLOBAL INNOVATIONS BANK — 2020
What GLOBAL INNOVATIONS 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 | 22,278,000 | 26,077,000 | 26,227,000 | 29,834,000 |
| Total loans | 14,261,000 | 17,019,000 | 16,745,000 | 16,678,000 |
| Allowance for loan losses | 151,000 | 151,000 | 151,000 | 215,000 |
| Securities available for sale | 237,000 | 242,000 | 754,000 | 998,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,695,000 | 23,313,000 | 23,404,000 | 26,946,000 |
| Interest-bearing deposits | 11,842,000 | 12,816,000 | 13,199,000 | 14,582,000 |
| Noninterest-bearing deposits | 7,853,000 | 10,497,000 | 10,205,000 | 12,364,000 |
| Equity capital | 2,503,000 | 2,685,000 | 2,759,000 | 2,800,000 |
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 | 232,000 | 589,000 | 813,000 | 1,033,000 |
| Interest expense | 16,000 | 32,000 | 50,000 | 67,000 |
| Net interest income | 216,000 | 557,000 | 763,000 | 966,000 |
| Noninterest income | 81,000 | 182,000 | 283,000 | 406,000 |
| Noninterest expense | 206,000 | 414,000 | 617,000 | 901,000 |
| Provision for loan losses | 33,000 | 33,000 | 33,000 | 33,000 |
| Pretax income | 47,000 | 285,000 | 389,000 | 435,000 |
| Income tax | 19,000 | 81,000 | 110,000 | 119,000 |
| Net income | 28,000 | 204,000 | 279,000 | 316,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,188,000 | 2,426,000 | 2,530,000 | 2,552,000 |
| Total capital | 2,339,000 | 2,577,000 | 2,681,000 | 2,727,000 |
| Risk-weighted assets | 13,474,000 | 13,430,000 | 13,220,000 | 13,999,000 |