Call reports 2022
GROVE BANK — 2022
What GROVE 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 | 41,404,000 | 47,998,000 | 46,379,000 | 48,976,000 |
| Total loans | 26,578,000 | 27,503,000 | 26,844,000 | 26,615,000 |
| Allowance for loan losses | 85,000 | 91,000 | 97,000 | 103,000 |
| Securities available for sale | 2,520,000 | 588,000 | 546,000 | 447,000 |
| Securities held to maturity | 0 | 3,741,000 | 7,894,000 | 4,402,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,727,000 | 36,415,000 | 34,815,000 | 36,489,000 |
| Interest-bearing deposits | 22,885,000 | 28,201,000 | 27,268,000 | 28,292,000 |
| Noninterest-bearing deposits | 6,842,000 | 8,214,000 | 7,547,000 | 8,197,000 |
| Equity capital | 5,783,000 | 5,800,000 | 5,805,000 | 6,777,000 |
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 | 354,000 | 711,000 | 1,130,000 | 1,611,000 |
| Interest expense | 55,000 | 120,000 | 193,000 | 280,000 |
| Net interest income | 299,000 | 591,000 | 937,000 | 1,331,000 |
| Noninterest income | 16,000 | 33,000 | 45,000 | 56,000 |
| Noninterest expense | 277,000 | 560,000 | 840,000 | 1,143,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 27,000 | 44,000 | 73,000 | 220,000 |
| Income tax | 9,000 | 9,000 | 33,000 | 58,000 |
| Net income | 18,000 | 35,000 | 40,000 | 162,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,783,000 | 3,828,000 | 3,900,000 | 4,995,000 |
| Total capital | — | 3,919,000 | 3,997,000 | 5,098,000 |
| Risk-weighted assets | — | 16,685,000 | 23,988,000 | 24,287,000 |