Call reports 2022
EVERETT CO-OPERATIVE BANK — 2022
What EVERETT CO-OPERATIVE 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 | 688,643,000 | 781,958,000 | 875,298,000 | 1,063,625,000 |
| Total loans | 539,546,000 | 629,064,000 | 741,357,000 | 892,879,000 |
| Allowance for loan losses | 4,357,000 | 5,111,000 | 6,037,000 | 7,200,000 |
| Securities available for sale | 5,029,000 | 4,982,000 | 4,985,000 | 5,001,000 |
| Securities held to maturity | 70,560,000 | 69,676,000 | 69,974,000 | 77,591,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 591,457,000 | 663,516,000 | 679,150,000 | 742,570,000 |
| Interest-bearing deposits | 504,293,000 | 576,124,000 | 587,328,000 | 657,540,000 |
| Noninterest-bearing deposits | 87,164,000 | 87,392,000 | 91,822,000 | 85,030,000 |
| Equity capital | 78,671,000 | 80,033,000 | 129,106,000 | 130,670,000 |
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 | 5,623,000 | 11,715,000 | 19,495,000 | 29,171,000 |
| Interest expense | 690,000 | 1,419,000 | 2,700,000 | 5,820,000 |
| Net interest income | 4,933,000 | 10,296,000 | 16,795,000 | 23,351,000 |
| Noninterest income | 248,000 | 929,000 | 1,151,000 | 1,376,000 |
| Noninterest expense | 3,182,000 | 6,750,000 | 10,905,000 | 15,333,000 |
| Provision for loan losses | 121,000 | 875,000 | 1,800,000 | 2,940,000 |
| Pretax income | 1,878,000 | 3,600,000 | 5,241,000 | 6,454,000 |
| Income tax | 495,000 | 820,000 | 1,266,000 | 1,608,000 |
| Net income | 1,383,000 | 2,780,000 | 3,975,000 | 4,846,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,739,000 | 80,135,000 | 129,206,000 | 130,421,000 |
| Total capital | 83,350,000 | 85,541,000 | 135,598,000 | 138,023,000 |
| Risk-weighted assets | 500,619,000 | 593,681,000 | 698,089,000 | 841,769,000 |