Call reports 2022
METHOD BANK — 2022
What METHOD 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 | 30,440,000 | 37,970,000 | 48,828,000 | 50,131,000 |
| Total loans | 15,105,000 | 19,767,000 | 21,292,000 | 28,424,000 |
| Allowance for loan losses | 350,000 | 348,000 | 406,000 | 455,000 |
| Securities available for sale | 2,966,000 | 1,621,000 | 1,505,000 | 1,490,000 |
| Securities held to maturity | 0 | 0 | 3,699,000 | 3,730,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,021,000 | 28,527,000 | 39,553,000 | 39,433,000 |
| Interest-bearing deposits | 13,851,000 | 20,257,000 | 27,283,000 | 31,082,000 |
| Noninterest-bearing deposits | 7,170,000 | 8,270,000 | 12,270,000 | 8,351,000 |
| Equity capital | 7,265,000 | 7,278,000 | 7,009,000 | 8,358,000 |
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 | 321,000 | 805,000 | 1,336,000 | 1,997,000 |
| Interest expense | 8,000 | 44,000 | 193,000 | 407,000 |
| Net interest income | 313,000 | 761,000 | 1,143,000 | 1,590,000 |
| Noninterest income | 42,000 | 72,000 | 119,000 | 156,000 |
| Noninterest expense | 662,000 | 1,010,000 | 1,651,000 | 2,290,000 |
| Provision for loan losses | 1,000 | 57,000 | 98,000 | 161,000 |
| Pretax income | -308,000 | -234,000 | -487,000 | -705,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -308,000 | -234,000 | -487,000 | -705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,078,000 | 6,141,000 | 5,920,000 | 7,285,000 |