Call reports 2020
GATES BANKING AND TRUST COMPANY — 2020
What GATES BANKING AND TRUST COMPANY 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 | 50,851,000 | 51,663,000 | 50,830,000 | 55,360,000 |
| Total loans | 16,214,000 | 15,507,000 | 15,505,000 | 13,980,000 |
| Allowance for loan losses | 306,000 | 306,000 | 306,000 | 306,000 |
| Securities available for sale | 28,139,000 | 28,363,000 | 30,535,000 | 35,131,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,658,000 | 43,978,000 | 42,964,000 | 47,446,000 |
| Interest-bearing deposits | 39,487,000 | 39,315,000 | 38,309,000 | 40,736,000 |
| Noninterest-bearing deposits | 4,171,000 | 4,663,000 | 4,655,000 | 6,710,000 |
| Equity capital | 5,725,000 | 6,147,000 | 6,313,000 | 6,336,000 |
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 | 393,000 | 753,000 | 1,114,000 | 1,473,000 |
| Interest expense | 105,000 | 185,000 | 248,000 | 285,000 |
| Net interest income | 288,000 | 568,000 | 866,000 | 1,188,000 |
| Noninterest income | 15,000 | 27,000 | 42,000 | 61,000 |
| Noninterest expense | 212,000 | 418,000 | 633,000 | 877,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 91,000 | 177,000 | 275,000 | 372,000 |
| Income tax | 2,000 | 1,000 | 2,000 | 4,000 |
| Net income | 89,000 | 176,000 | 273,000 | 368,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,195,000 | 5,282,000 | 5,379,000 | 5,225,000 |
| Total capital | — | 5,588,000 | 5,685,000 | 5,531,000 |
| Risk-weighted assets | — | 27,828,000 | 27,943,000 | 29,741,000 |