Call reports 2022
M1 BANK — 2022
What M1 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 | 671,981,000 | 719,314,000 | 763,950,000 | 828,250,000 |
| Total loans | 498,765,000 | 559,463,000 | 608,456,000 | 658,934,000 |
| Allowance for loan losses | 3,710,000 | 5,214,000 | 5,214,000 | 5,214,000 |
| Securities available for sale | 33,758,000 | 30,838,000 | 28,812,000 | 28,734,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 610,764,000 | 622,967,000 | 697,600,000 | 753,794,000 |
| Interest-bearing deposits | 566,631,000 | 579,311,000 | 651,717,000 | 702,392,000 |
| Noninterest-bearing deposits | 44,133,000 | 43,656,000 | 45,883,000 | 51,402,000 |
| Equity capital | 60,398,000 | 59,150,000 | 62,542,000 | 70,292,000 |
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 | 7,032,000 | 15,582,000 | 25,728,000 | 37,057,000 |
| Interest expense | 1,143,000 | 2,530,000 | 4,582,000 | 8,970,000 |
| Net interest income | 5,889,000 | 13,052,000 | 21,146,000 | 28,087,000 |
| Noninterest income | 14,000 | 30,000 | 170,000 | 240,000 |
| Noninterest expense | -104,000 | 1,762,000 | 3,795,000 | 6,995,000 |
| Provision for loan losses | 300,000 | 1,805,000 | 1,805,000 | 1,805,000 |
| Pretax income | 5,707,000 | 9,515,000 | 15,716,000 | 19,527,000 |
| Income tax | 1,369,000 | 2,197,000 | 3,557,000 | 4,238,000 |
| Net income | 4,338,000 | 7,318,000 | 12,159,000 | 15,289,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,516,000 | 62,746,000 | 67,187,000 | 74,567,000 |