Call reports 2022
PORTAGE BANK — 2022
What PORTAGE 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 | 43,720,000 | 54,030,000 | 60,369,000 | 65,941,000 |
| Total loans | 34,079,000 | 43,635,000 | 48,429,000 | 57,002,000 |
| Allowance for loan losses | 305,000 | 431,000 | 473,000 | 510,000 |
| Securities available for sale | 4,612,000 | 4,399,000 | 4,183,000 | 4,225,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,830,000 | 47,085,000 | 48,853,000 | 46,086,000 |
| Interest-bearing deposits | 34,972,000 | 43,642,000 | 45,733,000 | 43,404,000 |
| Noninterest-bearing deposits | 3,858,000 | 3,443,000 | 3,120,000 | 2,682,000 |
| Equity capital | 4,737,000 | 4,934,000 | 5,100,000 | 5,323,000 |
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 | 534,000 | 1,372,000 | 2,296,000 | 3,293,000 |
| Interest expense | 47,000 | 133,000 | 260,000 | 502,000 |
| Net interest income | 487,000 | 1,239,000 | 2,036,000 | 2,791,000 |
| Noninterest income | 119,000 | 384,000 | 499,000 | 558,000 |
| Noninterest expense | 432,000 | 932,000 | 1,533,000 | 2,187,000 |
| Provision for loan losses | 14,000 | 140,000 | 180,000 | 218,000 |
| Pretax income | 160,000 | 551,000 | 822,000 | 944,000 |
| Income tax | 40,000 | 129,000 | 184,000 | 208,000 |
| Net income | 120,000 | 422,000 | 638,000 | 736,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,996,000 | 5,305,000 | 5,591,000 | 5,762,000 |
| Total capital | 5,301,000 | 5,736,000 | 6,064,000 | 6,272,000 |
| Risk-weighted assets | 30,328,000 | 34,790,000 | 38,262,000 | 43,441,000 |