Call reports 2022
GULF ATLANTIC BANK — 2022
What GULF ATLANTIC 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 | 87,808,000 | 103,828,000 | 122,046,000 | 120,342,000 |
| Total loans | 48,419,000 | 64,763,000 | 73,995,000 | 83,597,000 |
| Allowance for loan losses | 496,000 | 673,000 | 748,000 | 839,000 |
| Securities available for sale | 11,551,000 | 14,210,000 | 15,544,000 | 14,377,000 |
| Securities held to maturity | 2,850,000 | 2,850,000 | 2,850,000 | 2,850,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,379,000 | 90,846,000 | 108,664,000 | 101,896,000 |
| Interest-bearing deposits | 68,037,000 | 82,357,000 | 81,817,000 | 88,062,000 |
| Noninterest-bearing deposits | 7,342,000 | 8,489,000 | 26,847,000 | 13,834,000 |
| Equity capital | 8,466,000 | 8,986,000 | 9,384,000 | 9,502,000 |
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 | 593,000 | 1,470,000 | 2,563,000 | 3,858,000 |
| Interest expense | 65,000 | 165,000 | 330,000 | 603,000 |
| Net interest income | 528,000 | 1,305,000 | 2,233,000 | 3,255,000 |
| Noninterest income | 68,000 | 125,000 | 208,000 | 255,000 |
| Noninterest expense | 830,000 | 1,677,000 | 2,566,000 | 3,527,000 |
| Provision for loan losses | 71,000 | 247,000 | 323,000 | 414,000 |
| Pretax income | -278,000 | -467,000 | -421,000 | -404,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -278,000 | -467,000 | -421,000 | -404,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,022,000 | 10,099,000 | 10,921,000 | 10,963,000 |
| Total capital | 9,518,000 | 10,772,000 | 11,669,000 | 11,802,000 |
| Risk-weighted assets | 59,622,000 | 77,744,000 | 88,532,000 | 98,759,000 |