Call reports 2022
1ST SECURITY BANK OF WASHINGTON — 2022
What 1ST SECURITY BANK OF WASHINGTON 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 | 2,273,847,000 | 2,399,034,000 | 2,651,928,000 | 2,632,273,000 |
| Total loans | 1,863,132,000 | 2,006,066,000 | 2,133,947,000 | 2,239,023,000 |
| Allowance for loan losses | 23,365,000 | 24,967,000 | 26,426,000 | 27,992,000 |
| Securities available for sale | 263,306,000 | 247,833,000 | 227,941,000 | 229,253,000 |
| Securities held to maturity | 7,500,000 | 8,500,000 | 8,500,000 | 8,500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,946,841,000 | 2,032,813,000 | 2,099,932,000 | 2,145,847,000 |
| Interest-bearing deposits | 1,444,676,000 | 1,427,778,000 | 1,501,786,000 | 1,573,743,000 |
| Noninterest-bearing deposits | 502,165,000 | 605,035,000 | 598,146,000 | 572,104,000 |
| Equity capital | 268,580,000 | 265,184,000 | 264,622,000 | 274,091,000 |
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 | 23,987,000 | 50,147,000 | 80,408,000 | 117,782,000 |
| Interest expense | 1,417,000 | 3,135,000 | 6,515,000 | 12,757,000 |
| Net interest income | 22,570,000 | 47,012,000 | 73,893,000 | 105,025,000 |
| Noninterest income | 6,043,000 | 10,483,000 | 15,262,000 | 16,783,000 |
| Noninterest expense | 18,503,000 | 36,642,000 | 55,406,000 | 76,389,000 |
| Provision for loan losses | 852,000 | 2,471,000 | 4,493,000 | 6,623,000 |
| Pretax income | 9,067,000 | 17,938,000 | 29,117,000 | 39,202,000 |
| Income tax | 1,739,000 | 3,448,000 | 5,753,000 | 7,804,000 |
| Net income | 7,328,000 | 14,490,000 | 23,364,000 | 31,398,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 276,294,000 | 280,798,000 | 288,053,000 | 294,043,000 |
| Total capital | — | — | 316,947,000 | 323,577,000 |
| Risk-weighted assets | — | — | 2,310,869,000 | 2,361,712,000 |