Call reports 2020
WEST GATE BANK — 2020
What WEST GATE 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 | 834,969,000 | 936,728,000 | 897,348,000 | 912,511,000 |
| Total loans | 684,509,000 | 766,380,000 | 666,995,000 | 691,195,000 |
| Allowance for loan losses | 6,004,000 | 6,128,000 | 6,239,000 | 6,578,000 |
| Securities available for sale | 27,595,000 | 26,801,000 | 26,120,000 | 27,111,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 732,963,000 | 825,661,000 | 782,339,000 | 788,219,000 |
| Interest-bearing deposits | 543,116,000 | 587,091,000 | 542,657,000 | 544,250,000 |
| Noninterest-bearing deposits | 189,848,000 | 238,571,000 | 239,681,000 | 243,969,000 |
| Equity capital | 82,522,000 | 89,451,000 | 96,489,000 | 104,155,000 |
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 | 9,276,000 | 21,061,000 | 30,039,000 | 39,683,000 |
| Interest expense | 1,319,000 | 2,352,000 | 3,136,000 | 3,753,000 |
| Net interest income | 7,957,000 | 18,709,000 | 26,903,000 | 35,930,000 |
| Noninterest income | 4,216,000 | 10,961,000 | 21,084,000 | 26,577,000 |
| Noninterest expense | 8,037,000 | 16,535,000 | 25,502,000 | 34,938,000 |
| Provision for loan losses | 450,000 | 580,000 | 702,000 | 1,066,000 |
| Pretax income | 3,686,000 | 12,555,000 | 21,783,000 | 26,503,000 |
| Income tax | 721,000 | 2,523,000 | 4,404,000 | 5,332,000 |
| Net income | 2,965,000 | 10,032,000 | 17,379,000 | 21,171,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,115,000 | 87,104,000 | 94,332,000 | 102,007,000 |