Call reports 2022
ELEVATE BANK, NATIONAL ASSOCIATION — 2022
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 61,288,000 | 61,797,000 | 62,114,000 | 63,957,000 |
| Total loans | 26,250,000 | 27,256,000 | 26,088,000 | 24,857,000 |
| Allowance for loan losses | 598,000 | 598,000 | 597,000 | 0 |
| Securities available for sale | 11,717,000 | 11,114,000 | 9,861,000 | 10,952,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,111,000 | 56,044,000 | 56,911,000 | 57,547,000 |
| Interest-bearing deposits | 37,318,000 | 36,805,000 | 35,629,000 | 35,143,000 |
| Noninterest-bearing deposits | 17,793,000 | 19,239,000 | 21,282,000 | 22,404,000 |
| Equity capital | 5,997,000 | 5,586,000 | 5,057,000 | 6,198,000 |
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 | 410,000 | 876,000 | 1,425,000 | 535,000 |
| Interest expense | 36,000 | 71,000 | 106,000 | 33,000 |
| Net interest income | 374,000 | 805,000 | 1,319,000 | 502,000 |
| Noninterest income | 53,000 | 93,000 | 103,000 | 604,000 |
| Noninterest expense | 446,000 | 1,043,000 | 1,661,000 | 437,000 |
| Provision for loan losses | 0 | 0 | 38,000 | 0 |
| Pretax income | -19,000 | -143,000 | -273,000 | 670,000 |
| Income tax | 9,000 | 9,000 | 9,000 | 18,000 |
| Net income | -28,000 | -152,000 | -282,000 | 652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,449,000 | 6,325,000 | 6,195,000 | 4,911,000 |
| Total capital | — | — | — | 4,911,000 |
| Risk-weighted assets | — | — | — | 29,981,000 |