Call reports 2022
MECHANICS COOPERATIVE BANK — 2022
What MECHANICS COOPERATIVE 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 | 647,080,000 | 641,750,000 | 646,456,000 | 639,977,000 |
| Total loans | 510,418,000 | 526,477,000 | 521,736,000 | 523,773,000 |
| Allowance for loan losses | 3,984,000 | 3,981,000 | 3,982,000 | 4,255,000 |
| Securities available for sale | 80,248,000 | 79,108,000 | 74,883,000 | 75,959,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 706,000 | 1,050,000 | 1,487,000 | 1,401,000 |
| Total deposits | 550,851,000 | 537,851,000 | 549,737,000 | 522,688,000 |
| Interest-bearing deposits | 425,927,000 | 415,515,000 | 426,775,000 | 400,165,000 |
| Noninterest-bearing deposits | 124,924,000 | 122,336,000 | 122,962,000 | 122,523,000 |
| Equity capital | 75,673,000 | 76,133,000 | 76,237,000 | 79,482,000 |
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 | 6,409,000 | 13,153,000 | 20,631,000 | 28,496,000 |
| Interest expense | 472,000 | 919,000 | 1,378,000 | 1,942,000 |
| Net interest income | 5,937,000 | 12,234,000 | 19,253,000 | 26,554,000 |
| Noninterest income | 454,000 | 961,000 | 1,433,000 | 2,202,000 |
| Noninterest expense | 4,045,000 | 8,067,000 | 12,183,000 | 16,442,000 |
| Provision for loan losses | -5,000 | -7,000 | -7,000 | 266,000 |
| Pretax income | 2,351,000 | 5,135,000 | 8,510,000 | 12,048,000 |
| Income tax | 600,000 | 1,327,000 | 2,219,000 | 3,153,000 |
| Net income | 1,751,000 | 3,808,000 | 6,291,000 | 8,895,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,581,000 | 80,638,000 | 83,120,000 | 85,725,000 |
| Total capital | 83,027,000 | 85,026,000 | 87,510,000 | 90,668,000 |
| Risk-weighted assets | 451,858,000 | 468,417,000 | 468,979,000 | 469,038,000 |