Call reports 2022
SHORE UNITED BANK, NATIONAL ASSOCIATION — 2022
What SHORE UNITED 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 | 3,493,106,000 | 3,441,358,000 | 3,454,680,000 | 3,476,775,000 |
| Total loans | 2,194,011,000 | 2,271,885,000 | 2,410,225,000 | 2,560,355,000 |
| Allowance for loan losses | 14,710,000 | 15,483,000 | 16,277,000 | 16,643,000 |
| Securities available for sale | 106,695,000 | 94,689,000 | 86,347,000 | 83,587,000 |
| Securities held to maturity | 407,139,000 | 458,957,000 | 570,719,000 | 559,455,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,079,328,000 | 3,025,617,000 | 3,035,026,000 | 3,019,158,000 |
| Interest-bearing deposits | 2,192,080,000 | 2,125,210,000 | 2,121,538,000 | 2,147,803,000 |
| Noninterest-bearing deposits | 887,248,000 | 900,407,000 | 913,488,000 | 871,355,000 |
| Equity capital | 379,449,000 | 380,189,000 | 384,802,000 | 395,594,000 |
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 | 24,323,000 | 50,990,000 | 81,568,000 | 113,844,000 |
| Interest expense | 1,375,000 | 2,900,000 | 5,477,000 | 10,092,000 |
| Net interest income | 22,948,000 | 48,090,000 | 76,091,000 | 103,752,000 |
| Noninterest income | 5,524,000 | 10,637,000 | 15,289,000 | 20,534,000 |
| Noninterest expense | 19,323,000 | 38,210,000 | 56,255,000 | 75,469,000 |
| Provision for loan losses | 600,000 | 800,000 | 1,475,000 | 1,925,000 |
| Pretax income | 8,479,000 | 19,609,000 | 33,488,000 | 46,735,000 |
| Income tax | 2,176,000 | 5,088,000 | 8,723,000 | 11,938,000 |
| Net income | 6,303,000 | 14,521,000 | 24,765,000 | 34,797,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 311,323,000 | 317,051,000 | 325,295,000 | 335,802,000 |
| Total capital | 326,245,000 | 332,746,000 | 341,784,000 | 352,657,000 |
| Risk-weighted assets | 2,296,624,000 | 2,368,088,000 | 2,493,224,000 | 2,618,939,000 |