Call reports 2022
SQUARE FINANCIAL SERVICES, INC. — 2022
What SQUARE FINANCIAL SERVICES, INC. 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 | 278,777,000 | 327,975,000 | 384,242,000 | 463,875,000 |
| Total loans | 116,662,000 | 126,140,000 | 175,496,000 | 156,257,000 |
| Allowance for loan losses | 4,640,000 | 5,126,000 | 7,372,000 | 8,850,000 |
| Securities available for sale | 0 | 493,000 | 467,000 | 970,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,214,000 | 142,981,000 | 158,675,000 | 190,001,000 |
| Interest-bearing deposits | 107,214,000 | 142,981,000 | 158,675,000 | 190,001,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 131,545,000 | 161,161,000 | 191,571,000 | 224,564,000 |
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 | 9,351,000 | 19,341,000 | 32,305,000 | 48,335,000 |
| Interest expense | 77,000 | 197,000 | 475,000 | 1,362,000 |
| Net interest income | 9,274,000 | 19,144,000 | 31,830,000 | 46,973,000 |
| Noninterest income | 41,034,000 | 96,823,000 | 155,560,000 | 219,165,000 |
| Noninterest expense | 21,370,000 | 49,912,000 | 79,690,000 | 112,996,000 |
| Provision for loan losses | 1,084,000 | 2,454,000 | 5,735,000 | 8,559,000 |
| Pretax income | 27,854,000 | 63,601,000 | 101,965,000 | 144,583,000 |
| Income tax | 7,522,000 | 17,560,000 | 28,332,000 | 41,135,000 |
| Net income | 20,332,000 | 46,041,000 | 73,633,000 | 103,448,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,545,000 | 161,169,000 | 191,604,000 | 224,594,000 |
| Total capital | 133,112,000 | 162,917,000 | 193,990,000 | 226,916,000 |
| Risk-weighted assets | 122,291,000 | 136,433,000 | 185,858,000 | 179,223,000 |