Call reports 2020
WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE — 2020
What WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE 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 | 172,677,000 | 174,223,000 | 172,432,000 | 171,873,000 |
| Total loans | 66,209,000 | 70,003,000 | 72,900,000 | 72,709,000 |
| Allowance for loan losses | 385,000 | 398,000 | 398,000 | 403,000 |
| Securities available for sale | 10,215,000 | 9,483,000 | 8,777,000 | 7,963,000 |
| Securities held to maturity | 65,751,000 | 46,252,000 | 54,248,000 | 57,431,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,791,000 | 131,396,000 | 129,767,000 | 129,329,000 |
| Interest-bearing deposits | 126,905,000 | 128,471,000 | 128,051,000 | 127,385,000 |
| Noninterest-bearing deposits | 2,886,000 | 2,925,000 | 1,716,000 | 1,944,000 |
| Equity capital | 42,734,000 | 42,763,000 | 42,641,000 | 42,529,000 |
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 | 1,076,000 | 2,057,000 | 2,854,000 | 3,602,000 |
| Interest expense | 466,000 | 912,000 | 1,293,000 | 1,583,000 |
| Net interest income | 610,000 | 1,145,000 | 1,561,000 | 2,019,000 |
| Noninterest income | 3,000 | 9,000 | 14,000 | 16,000 |
| Noninterest expense | 616,000 | 1,162,000 | 1,769,000 | 2,374,000 |
| Provision for loan losses | 0 | 13,000 | 13,000 | 18,000 |
| Pretax income | -3,000 | -95,000 | -306,000 | -418,000 |
| Income tax | -8,000 | -18,000 | -99,000 | -132,000 |
| Net income | 5,000 | -77,000 | -207,000 | -286,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,370,000 | 42,433,000 | 42,303,000 | 42,224,000 |