Call reports 2022
SOFI BANK, NATIONAL ASSOCIATION — 2022
What SOFI BANK, NATIONAL ASSOCIATION 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 | 2,038,881,000 | 4,416,142,000 | 6,539,738,000 | 9,123,708,000 |
| Total loans | 845,690,000 | 3,719,149,000 | 5,559,444,000 | 7,693,562,000 |
| Allowance for loan losses | 1,366,000 | 23,178,000 | 34,371,000 | 40,785,000 |
| Securities available for sale | 9,468,000 | 8,717,000 | 99,084,000 | 293,680,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,233,056,000 | 2,757,884,000 | 5,070,219,000 | 7,368,547,000 |
| Interest-bearing deposits | 1,060,324,000 | 2,639,439,000 | 4,951,895,000 | 7,275,911,000 |
| Noninterest-bearing deposits | 172,732,000 | 118,445,000 | 118,324,000 | 92,636,000 |
| Equity capital | 773,647,000 | 957,135,000 | 987,214,000 | 1,178,566,000 |
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 | 3,798,000 | 62,119,000 | 194,781,000 | 385,965,000 |
| Interest expense | 444,000 | 5,804,000 | 26,922,000 | 75,845,000 |
| Net interest income | 3,354,000 | 56,315,000 | 167,859,000 | 310,120,000 |
| Noninterest income | 44,231,000 | 188,154,000 | 344,673,000 | 489,762,000 |
| Noninterest expense | 48,266,000 | 204,485,000 | 423,371,000 | 649,077,000 |
| Provision for loan losses | 984,000 | 6,715,000 | 23,038,000 | 37,983,000 |
| Pretax income | -1,665,000 | 33,269,000 | 66,123,000 | 112,822,000 |
| Income tax | 0 | 9,834,000 | 14,187,000 | 30,884,000 |
| Net income | -1,665,000 | 23,435,000 | 51,936,000 | 81,938,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 761,780,000 | 945,290,000 | 973,457,000 | 1,162,024,000 |
| Total capital | 762,765,000 | 968,087,000 | 1,007,447,000 | 1,202,429,000 |
| Risk-weighted assets | 1,110,072,000 | 3,952,945,000 | 5,919,709,000 | 7,972,956,000 |