Call reports 2022
NEEDHAM BANK — 2022
What NEEDHAM 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 | 2,858,408,000 | 3,026,911,000 | 3,279,317,000 | 3,592,881,000 |
| Total loans | 2,277,308,000 | 2,382,245,000 | 2,734,010,000 | 3,015,491,000 |
| Allowance for loan losses | 18,835,000 | 19,648,000 | 22,439,000 | 25,028,000 |
| Securities available for sale | 274,627,000 | 375,244,000 | 307,512,000 | 234,480,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,501,338,000 | 2,654,584,000 | 2,701,197,000 | 2,890,939,000 |
| Interest-bearing deposits | 2,159,961,000 | 2,104,247,000 | 2,211,851,000 | 2,441,229,000 |
| Noninterest-bearing deposits | 341,377,000 | 550,337,000 | 489,346,000 | 449,710,000 |
| Equity capital | 324,896,000 | 328,471,000 | 331,185,000 | 343,978,000 |
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 | 23,402,000 | 49,708,000 | 81,238,000 | 121,044,000 |
| Interest expense | 2,086,000 | 3,818,000 | 6,943,000 | 15,547,000 |
| Net interest income | 21,316,000 | 45,890,000 | 74,295,000 | 105,497,000 |
| Noninterest income | 1,356,000 | 4,499,000 | 6,753,000 | 9,086,000 |
| Noninterest expense | 16,434,000 | 34,547,000 | 52,618,000 | 71,495,000 |
| Provision for loan losses | 400,000 | 1,250,000 | 4,100,000 | 6,700,000 |
| Pretax income | 5,838,000 | 14,592,000 | 24,330,000 | 36,388,000 |
| Income tax | 1,563,000 | 3,649,000 | 6,294,000 | 6,323,000 |
| Net income | 4,275,000 | 10,943,000 | 18,036,000 | 30,065,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 332,590,000 | 338,225,000 | 345,341,000 | 357,389,000 |
| Total capital | — | 357,873,000 | 367,780,000 | 382,417,000 |
| Risk-weighted assets | — | 2,808,090,000 | 3,234,847,000 | 3,391,533,000 |
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