Call reports 2022
COMMENCEMENT BANK — 2022
What COMMENCEMENT 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 | 549,577,000 | 552,007,000 | 553,992,000 | 580,803,000 |
| Total loans | 344,727,000 | 389,268,000 | 396,678,000 | 429,464,000 |
| Allowance for loan losses | 4,735,000 | 4,722,000 | 4,797,000 | 4,978,000 |
| Securities available for sale | 109,240,000 | 112,385,000 | 113,024,000 | 110,037,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 495,127,000 | 500,581,000 | 502,355,000 | 502,600,000 |
| Interest-bearing deposits | 319,643,000 | 327,720,000 | 324,228,000 | 328,957,000 |
| Noninterest-bearing deposits | 175,484,000 | 172,860,000 | 178,127,000 | 173,643,000 |
| Equity capital | 49,451,000 | 46,751,000 | 45,483,000 | 46,494,000 |
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 | 4,176,000 | 8,693,000 | 13,952,000 | 19,813,000 |
| Interest expense | 226,000 | 426,000 | 633,000 | 1,421,000 |
| Net interest income | 3,950,000 | 8,267,000 | 13,319,000 | 18,392,000 |
| Noninterest income | 241,000 | 496,000 | 1,228,000 | 1,528,000 |
| Noninterest expense | 2,972,000 | 6,177,000 | 9,765,000 | 12,888,000 |
| Provision for loan losses | 0 | 0 | 75,000 | 275,000 |
| Pretax income | 1,219,000 | 2,586,000 | 4,707,000 | 6,757,000 |
| Income tax | 234,000 | 503,000 | 839,000 | 1,250,000 |
| Net income | 985,000 | 2,083,000 | 3,868,000 | 5,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,281,000 | 54,191,000 | 55,980,000 | 57,525,000 |
| Total capital | 57,806,000 | 59,085,000 | 60,978,000 | 62,680,000 |
| Risk-weighted assets | 361,641,000 | 405,683,000 | 409,030,000 | 449,398,000 |