Call reports 2022
SOUND COMMUNITY BANK — 2022
What SOUND COMMUNITY BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 958,991,000 | 937,260,000 | 982,396,000 | 976,516,000 |
| Total loans | 710,782,000 | 806,178,000 | 853,355,000 | 865,981,000 |
| Allowance for loan losses | 6,407,000 | 7,116,000 | 7,488,000 | 7,599,000 |
| Securities available for sale | 10,223,000 | 9,382,000 | 10,395,000 | 10,207,000 |
| Securities held to maturity | 2,223,000 | 2,215,000 | 2,207,000 | 2,199,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 843,394,000 | 790,046,000 | 822,290,000 | 813,526,000 |
| Interest-bearing deposits | 627,316,000 | 599,370,000 | 623,142,000 | 635,654,000 |
| Noninterest-bearing deposits | 216,078,000 | 190,676,000 | 199,148,000 | 177,872,000 |
| Equity capital | 102,421,000 | 103,985,000 | 104,057,000 | 107,467,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 8,226,000 | 17,242,000 | 28,045,000 | 39,910,000 |
| Interest expense | 427,000 | 854,000 | 1,864,000 | 3,828,000 |
| Net interest income | 7,799,000 | 16,388,000 | 26,181,000 | 36,082,000 |
| Noninterest income | 1,510,000 | 2,498,000 | 3,493,000 | 4,467,000 |
| Noninterest expense | 6,699,000 | 13,327,000 | 20,211,000 | 27,061,000 |
| Provision for loan losses | 125,000 | 725,000 | 1,100,000 | 1,225,000 |
| Pretax income | 2,485,000 | 4,834,000 | 8,363,000 | 12,263,000 |
| Income tax | 522,000 | 1,020,000 | 1,753,000 | 2,378,000 |
| Net income | 1,963,000 | 3,814,000 | 6,610,000 | 9,885,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,023,000 | 104,075,000 | 104,471,000 | 107,740,000 |