Call reports 2021
GATES BANKING AND TRUST COMPANY — 2021
What GATES BANKING AND TRUST COMPANY 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 | 54,384,000 | 54,354,000 | 53,059,000 | 52,602,000 |
| Total loans | 14,308,000 | 14,083,000 | 13,366,000 | 11,772,000 |
| Allowance for loan losses | 306,000 | 306,000 | 306,000 | 306,000 |
| Securities available for sale | 34,275,000 | 34,030,000 | 33,010,000 | 32,178,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,859,000 | 47,473,000 | 46,323,000 | 45,874,000 |
| Interest-bearing deposits | 40,442,000 | 39,685,000 | 39,209,000 | 37,057,000 |
| Noninterest-bearing deposits | 7,417,000 | 7,788,000 | 7,114,000 | 8,817,000 |
| Equity capital | 6,070,000 | 6,368,000 | 6,274,000 | 6,221,000 |
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 | 339,000 | 663,000 | 983,000 | 1,291,000 |
| Interest expense | 34,000 | 62,000 | 90,000 | 114,000 |
| Net interest income | 305,000 | 601,000 | 893,000 | 1,177,000 |
| Noninterest income | 10,000 | 21,000 | 37,000 | 42,000 |
| Noninterest expense | 226,000 | 450,000 | 667,000 | 897,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 89,000 | 230,000 | 321,000 | 407,000 |
| Income tax | -5,000 | 2,000 | -2,000 | -7,000 |
| Net income | 94,000 | 228,000 | 323,000 | 414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,320,000 | 5,453,000 | 5,548,000 | 5,389,000 |
| Total capital | 5,626,000 | 5,759,000 | 5,854,000 | 5,695,000 |
| Risk-weighted assets | 28,569,000 | 28,124,000 | 27,154,000 | 31,789,000 |