Call reports 2023
METHOD BANK — 2023
What METHOD BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 81,222,000 | 91,504,000 | 95,017,000 | 111,598,000 |
| Total loans | 52,264,000 | 63,751,000 | 72,221,000 | 79,871,000 |
| Allowance for loan losses | 806,000 | 900,000 | 1,035,000 | 882,000 |
| Securities available for sale | 1,398,000 | 1,292,000 | 990,000 | 1,005,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,456,000 | 69,890,000 | 72,387,000 | 87,961,000 |
| Interest-bearing deposits | 57,401,000 | 63,594,000 | 64,457,000 | 79,527,000 |
| Noninterest-bearing deposits | 7,055,000 | 6,296,000 | 7,930,000 | 8,434,000 |
| Equity capital | 8,060,000 | 10,219,000 | 10,224,000 | 11,425,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,130,000 | 2,601,000 | 4,331,000 | 6,354,000 |
| Interest expense | 415,000 | 1,062,000 | 1,886,000 | 2,794,000 |
| Net interest income | 715,000 | 1,539,000 | 2,445,000 | 3,560,000 |
| Noninterest income | 47,000 | 277,000 | 366,000 | 609,000 |
| Noninterest expense | 687,000 | 1,454,000 | 2,274,000 | 3,167,000 |
| Provision for loan losses | 305,000 | 417,000 | 551,000 | 416,000 |
| Pretax income | -238,000 | -74,000 | -38,000 | 570,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -238,000 | -74,000 | -38,000 | 570,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,011,000 | 9,206,000 | 9,274,000 | 10,464,000 |