Call reports 2022
REDEMPTION BANK — 2022
What REDEMPTION 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 | 69,417,000 | 67,234,000 | 69,128,000 | 68,063,000 |
| Total loans | 43,740,000 | 42,909,000 | 46,796,000 | 45,944,000 |
| Allowance for loan losses | 1,024,000 | 1,025,000 | 1,026,000 | 857,000 |
| Securities available for sale | 1,728,000 | 1,630,000 | 1,744,000 | 1,754,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,430,000 | 56,231,000 | 57,613,000 | 56,449,000 |
| Interest-bearing deposits | 38,455,000 | 37,549,000 | 37,197,000 | 37,930,000 |
| Noninterest-bearing deposits | 19,975,000 | 18,681,000 | 20,415,000 | 18,519,000 |
| Equity capital | 10,259,000 | 10,381,000 | 10,904,000 | 11,054,000 |
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 | 742,000 | 1,455,000 | 2,269,000 | 3,186,000 |
| Interest expense | 57,000 | 117,000 | 203,000 | 329,000 |
| Net interest income | 685,000 | 1,338,000 | 2,066,000 | 2,857,000 |
| Noninterest income | 86,000 | 191,000 | 808,000 | 859,000 |
| Noninterest expense | 531,000 | 1,101,000 | 1,697,000 | 2,251,000 |
| Provision for loan losses | 0 | 0 | 0 | -170,000 |
| Pretax income | 240,000 | 428,000 | 1,177,000 | 1,635,000 |
| Income tax | 68,000 | 126,000 | 200,000 | 389,000 |
| Net income | 172,000 | 302,000 | 977,000 | 1,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,264,000 | 10,367,000 | 10,869,000 | 11,031,000 |