Call reports 2022
42 NORTH PRIVATE BANK — 2022
What 42 NORTH PRIVATE BANK 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 | 226,047,000 | 204,800,000 | 209,798,000 | 221,472,000 |
| Total loans | 163,499,000 | 166,136,000 | 174,856,000 | 186,139,000 |
| Allowance for loan losses | 1,374,000 | 1,252,000 | 1,207,000 | 1,328,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 199,623,000 | 179,005,000 | 156,817,000 | 163,297,000 |
| Interest-bearing deposits | 198,771,000 | 178,024,000 | 155,237,000 | 161,653,000 |
| Noninterest-bearing deposits | 852,000 | 981,000 | 1,580,000 | 1,644,000 |
| Equity capital | 23,866,000 | 23,028,000 | 22,126,000 | 24,250,000 |
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 | 1,916,000 | 3,802,000 | 5,942,000 | 8,468,000 |
| Interest expense | 335,000 | 576,000 | 955,000 | 1,836,000 |
| Net interest income | 1,581,000 | 3,226,000 | 4,987,000 | 6,632,000 |
| Noninterest income | 8,000 | 21,000 | 29,000 | 36,000 |
| Noninterest expense | 2,603,000 | 5,084,000 | 7,739,000 | 10,251,000 |
| Provision for loan losses | 50,000 | 65,000 | 80,000 | 197,000 |
| Pretax income | -1,064,000 | -1,902,000 | -2,803,000 | -3,780,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -1,064,000 | -1,902,000 | -2,803,000 | -3,780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,849,000 | 23,018,000 | 22,124,000 | 24,250,000 |
| Total capital | 25,410,000 | 24,470,000 | 23,531,000 | 25,778,000 |
| Risk-weighted assets | 124,838,000 | 122,759,000 | 131,131,000 | 136,034,000 |