Call reports 2022
NORTHERN STATE BANK OF VIRGINIA — 2022
What NORTHERN STATE BANK OF VIRGINIA 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 | 89,736,000 | 88,913,000 | 93,925,000 | 92,793,000 |
| Total loans | 49,038,000 | 53,326,000 | 56,538,000 | 57,043,000 |
| Allowance for loan losses | 517,000 | 517,000 | 525,000 | 551,000 |
| Securities available for sale | 26,605,000 | 25,637,000 | 24,519,000 | 24,328,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,522,000 | 81,135,000 | 84,219,000 | 85,054,000 |
| Interest-bearing deposits | 61,280,000 | 60,975,000 | 63,212,000 | 67,113,000 |
| Noninterest-bearing deposits | 20,242,000 | 20,160,000 | 21,007,000 | 17,941,000 |
| Equity capital | 8,061,000 | 7,638,000 | 7,065,000 | 7,507,000 |
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 | 640,000 | 1,365,000 | 2,203,000 | 3,060,000 |
| Interest expense | 34,000 | 66,000 | 114,000 | 198,000 |
| Net interest income | 606,000 | 1,299,000 | 2,089,000 | 2,862,000 |
| Noninterest income | 43,000 | 92,000 | 146,000 | 214,000 |
| Noninterest expense | 588,000 | 1,217,000 | 1,857,000 | 2,577,000 |
| Provision for loan losses | 0 | 0 | 8,000 | 33,000 |
| Pretax income | 61,000 | 174,000 | 370,000 | 466,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 61,000 | 174,000 | 370,000 | 466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,329,000 | 8,414,000 | 8,571,000 | 8,658,000 |
| Total capital | 8,846,000 | 8,931,000 | 9,096,000 | 9,209,000 |
| Risk-weighted assets | 48,648,000 | 51,525,000 | 54,580,000 | 55,324,000 |