Call reports 2022
MILFORD FEDERAL BANK — 2022
What MILFORD FEDERAL 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 | 463,202,000 | 455,963,000 | 465,839,000 | 487,689,000 |
| Total loans | 383,687,000 | 388,421,000 | 398,369,000 | 419,461,000 |
| Allowance for loan losses | 1,861,000 | 1,887,000 | 1,910,000 | 2,037,000 |
| Securities available for sale | 20,951,000 | 24,522,000 | 31,993,000 | 28,977,000 |
| Securities held to maturity | 59,000 | 56,000 | 52,000 | 50,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 398,025,000 | 396,432,000 | 392,824,000 | 383,712,000 |
| Interest-bearing deposits | 357,207,000 | 353,395,000 | 350,050,000 | 340,712,000 |
| Noninterest-bearing deposits | 40,818,000 | 43,037,000 | 42,774,000 | 43,000,000 |
| Equity capital | 52,735,000 | 52,060,000 | 52,045,000 | 52,810,000 |
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 | 3,169,000 | 6,530,000 | 10,223,000 | 14,231,000 |
| Interest expense | 177,000 | 375,000 | 611,000 | 1,047,000 |
| Net interest income | 2,992,000 | 6,155,000 | 9,612,000 | 13,184,000 |
| Noninterest income | 572,000 | 1,043,000 | 1,473,000 | 2,331,000 |
| Noninterest expense | 3,119,000 | 6,174,000 | 9,348,000 | 12,454,000 |
| Provision for loan losses | 25,000 | 50,000 | 75,000 | 203,000 |
| Pretax income | 379,000 | 904,000 | 1,592,000 | 2,788,000 |
| Income tax | 91,000 | 216,000 | -53,000 | 687,000 |
| Net income | 288,000 | 688,000 | 1,645,000 | 2,101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,495,000 | 53,895,000 | 54,852,000 | 55,308,000 |
| Total capital | 55,356,000 | 55,782,000 | 56,762,000 | 57,345,000 |
| Risk-weighted assets | 289,645,000 | 278,526,000 | 275,133,000 | 305,646,000 |