Call reports 2022
FARMBANK — 2022
What FARMBANK 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 | 75,738,000 | 75,380,000 | 73,719,000 | 77,447,000 |
| Total loans | 46,576,000 | 48,132,000 | 47,855,000 | 49,107,000 |
| Allowance for loan losses | 598,000 | 624,000 | 609,000 | 579,000 |
| Securities available for sale | 16,699,000 | 17,367,000 | 16,066,000 | 18,133,000 |
| Securities held to maturity | 1,705,000 | 1,699,000 | 1,693,000 | 1,687,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,159,000 | 63,892,000 | 62,790,000 | 67,103,000 |
| Interest-bearing deposits | 54,445,000 | 53,562,000 | 52,867,000 | 56,934,000 |
| Noninterest-bearing deposits | 9,714,000 | 10,330,000 | 9,923,000 | 10,169,000 |
| Equity capital | 4,863,000 | 4,347,000 | 3,794,000 | 4,113,000 |
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 | 705,000 | 1,453,000 | 2,221,000 | 2,969,000 |
| Interest expense | 113,000 | 222,000 | 331,000 | 526,000 |
| Net interest income | 592,000 | 1,231,000 | 1,890,000 | 2,443,000 |
| Noninterest income | 57,000 | 116,000 | 169,000 | 287,000 |
| Noninterest expense | 514,000 | 1,035,000 | 1,590,000 | 2,233,000 |
| Provision for loan losses | 15,000 | 40,000 | 75,000 | 120,000 |
| Pretax income | 120,000 | 272,000 | 394,000 | 377,000 |
| Income tax | 22,000 | 53,000 | 72,000 | 48,000 |
| Net income | 98,000 | 219,000 | 322,000 | 329,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,939,000 | 6,060,000 | 6,163,000 | 6,170,000 |
| Total capital | 6,537,000 | 6,684,000 | 6,772,000 | 6,749,000 |
| Risk-weighted assets | 54,486,000 | 58,149,000 | 56,026,000 | 56,259,000 |