Call reports 2022
BERKSHIRE BANK, THE — 2022
What BERKSHIRE BANK, THE 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 | 678,955,000 | 656,169,000 | 645,403,000 | 619,701,000 |
| Total loans | 302,230,000 | 283,311,000 | 284,782,000 | 281,120,000 |
| Allowance for loan losses | 9,616,000 | 9,216,000 | 9,365,000 | 8,765,000 |
| Securities available for sale | 105,673,000 | 261,777,000 | 252,535,000 | 262,655,000 |
| Securities held to maturity | 2,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 551,286,000 | 530,923,000 | 522,001,000 | 494,741,000 |
| Interest-bearing deposits | 414,497,000 | 398,933,000 | 388,397,000 | 374,247,000 |
| Noninterest-bearing deposits | 136,789,000 | 131,991,000 | 133,604,000 | 120,494,000 |
| Equity capital | 121,147,000 | 119,251,000 | 117,063,000 | 119,083,000 |
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 | 4,524,000 | 9,669,000 | 15,144,000 | 20,946,000 |
| Interest expense | 235,000 | 492,000 | 884,000 | 1,632,000 |
| Net interest income | 4,289,000 | 9,177,000 | 14,260,000 | 19,314,000 |
| Noninterest income | 70,000 | 128,000 | 242,000 | 307,000 |
| Noninterest expense | 3,475,000 | 6,952,000 | 10,413,000 | 13,943,000 |
| Provision for loan losses | -300,000 | -700,000 | -1,037,000 | -1,637,000 |
| Pretax income | -185,000 | 504,000 | 1,925,000 | 3,570,000 |
| Income tax | -195,000 | 165,000 | 623,000 | 1,153,000 |
| Net income | 10,000 | 339,000 | 1,302,000 | 2,417,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 124,996,000 | 125,324,000 | 126,287,000 | 127,402,000 |
| Total capital | 129,070,000 | 129,017,000 | 130,050,000 | 131,072,000 |
| Risk-weighted assets | 320,350,000 | 289,927,000 | 295,419,000 | 288,502,000 |