Call reports 2022
OCEAN BANK — 2022
What OCEAN 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 | 5,367,008,000 | 5,402,416,000 | 5,570,096,000 | 5,916,905,000 |
| Total loans | 3,936,152,000 | 4,156,027,000 | 4,444,690,000 | 4,793,318,000 |
| Allowance for loan losses | 64,161,000 | 66,397,000 | 69,997,000 | 70,957,000 |
| Securities available for sale | 738,039,000 | 879,822,000 | 814,918,000 | 806,336,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,799,143,000 | 4,832,244,000 | 4,720,147,000 | 4,791,325,000 |
| Interest-bearing deposits | 2,628,266,000 | 2,543,044,000 | 2,507,957,000 | 2,707,225,000 |
| Noninterest-bearing deposits | 2,170,877,000 | 2,289,200,000 | 2,212,190,000 | 2,084,100,000 |
| Equity capital | 532,975,000 | 532,179,000 | 531,951,000 | 530,398,000 |
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 | 42,013,000 | 89,425,000 | 147,101,000 | 214,416,000 |
| Interest expense | 1,399,000 | 2,702,000 | 5,295,000 | 14,692,000 |
| Net interest income | 40,614,000 | 86,723,000 | 141,806,000 | 199,724,000 |
| Noninterest income | 6,727,000 | 14,823,000 | 21,460,000 | 25,964,000 |
| Noninterest expense | 33,017,000 | 67,879,000 | 103,460,000 | 145,596,000 |
| Provision for loan losses | -1,000,000 | 1,000,000 | 4,300,000 | 5,300,000 |
| Pretax income | 15,248,000 | 32,539,000 | 55,357,000 | 74,631,000 |
| Income tax | 3,671,000 | 7,473,000 | 13,082,000 | 18,792,000 |
| Net income | 11,577,000 | 25,066,000 | 42,275,000 | 55,839,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 545,649,000 | 559,666,000 | 572,684,000 | 571,192,000 |
| Total capital | 599,263,000 | 616,605,000 | 633,251,000 | 636,339,000 |
| Risk-weighted assets | 4,272,533,000 | 4,539,643,000 | 4,829,198,000 | 5,198,210,000 |