Call reports 2021
WEST GATE BANK — 2021
What WEST GATE BANK 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 | 961,325,000 | 946,127,000 | 997,738,000 | 1,000,660,000 |
| Total loans | 741,596,000 | 719,496,000 | 824,737,000 | 804,699,000 |
| Allowance for loan losses | 6,590,000 | 6,636,000 | 7,619,000 | 7,960,000 |
| Securities available for sale | 54,552,000 | 63,784,000 | 83,967,000 | 106,213,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 824,213,000 | 816,555,000 | 812,434,000 | 866,169,000 |
| Interest-bearing deposits | 569,731,000 | 546,653,000 | 558,247,000 | 590,542,000 |
| Noninterest-bearing deposits | 254,482,000 | 269,902,000 | 254,187,000 | 275,626,000 |
| Equity capital | 109,901,000 | 111,618,000 | 113,902,000 | 116,700,000 |
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 | 9,465,000 | 19,111,000 | 29,323,000 | 39,086,000 |
| Interest expense | 470,000 | 898,000 | 1,306,000 | 1,711,000 |
| Net interest income | 8,995,000 | 18,213,000 | 28,017,000 | 37,375,000 |
| Noninterest income | 6,973,000 | 8,127,000 | 17,226,000 | 21,217,000 |
| Noninterest expense | 8,576,000 | 17,099,000 | 31,018,000 | 40,315,000 |
| Provision for loan losses | 20,000 | 69,000 | 1,070,000 | 1,429,000 |
| Pretax income | 7,372,000 | 9,172,000 | 13,155,000 | 16,848,000 |
| Income tax | 1,477,000 | 1,761,000 | 2,508,000 | 3,142,000 |
| Net income | 5,895,000 | 7,411,000 | 10,647,000 | 13,706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,024,000 | 109,665,000 | 112,324,000 | 115,107,000 |