Call reports 2022
WEST POINT BANK — 2022
What WEST POINT 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 | 357,684,000 | 379,149,000 | 368,576,000 | 396,988,000 |
| Total loans | 221,664,000 | 246,720,000 | 260,475,000 | 289,205,000 |
| Allowance for loan losses | 1,197,000 | 1,334,000 | 1,408,000 | 1,409,000 |
| Securities available for sale | 100,686,000 | 88,837,000 | 85,293,000 | 82,269,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 323,016,000 | 348,840,000 | 333,523,000 | 332,605,000 |
| Interest-bearing deposits | 251,325,000 | 272,517,000 | 257,825,000 | 257,157,000 |
| Noninterest-bearing deposits | 71,691,000 | 76,323,000 | 75,698,000 | 75,448,000 |
| Equity capital | 31,802,000 | 27,453,000 | 27,116,000 | 27,428,000 |
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 | 3,094,000 | 6,413,000 | 10,005,000 | 13,930,000 |
| Interest expense | 301,000 | 791,000 | 1,683,000 | 3,540,000 |
| Net interest income | 2,793,000 | 5,622,000 | 8,322,000 | 10,390,000 |
| Noninterest income | 244,000 | 518,000 | 740,000 | 978,000 |
| Noninterest expense | 1,624,000 | 3,416,000 | 5,111,000 | 6,919,000 |
| Provision for loan losses | 50,000 | 190,000 | 260,000 | 260,000 |
| Pretax income | 1,363,000 | 2,534,000 | 3,756,000 | 4,254,000 |
| Income tax | 310,000 | 578,000 | 870,000 | 896,000 |
| Net income | 1,053,000 | 1,956,000 | 2,886,000 | 3,358,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,574,000 | 37,277,000 | 38,006,000 | 38,278,000 |
| Total capital | 37,771,000 | 38,611,000 | 39,414,000 | 39,687,000 |
| Risk-weighted assets | 226,567,000 | 245,066,000 | 262,338,000 | 287,569,000 |