Call reports 2022
ANDOVER BANK, THE — 2022
What ANDOVER BANK, THE 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 | 580,729,000 | 582,673,000 | 580,895,000 | 571,761,000 |
| Total loans | 265,892,000 | 274,177,000 | 283,376,000 | 276,692,000 |
| Allowance for loan losses | 1,351,000 | 1,350,000 | 1,353,000 | 1,362,000 |
| Securities available for sale | 260,055,000 | 259,077,000 | 244,428,000 | 247,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 531,949,000 | 545,107,000 | 544,412,000 | 529,181,000 |
| Interest-bearing deposits | 389,012,000 | 393,586,000 | 388,436,000 | 381,590,000 |
| Noninterest-bearing deposits | 142,937,000 | 151,521,000 | 155,976,000 | 147,591,000 |
| Equity capital | 35,952,000 | 24,789,000 | 13,451,000 | 19,860,000 |
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 | 3,723,000 | 7,684,000 | 11,924,000 | 16,288,000 |
| Interest expense | 179,000 | 335,000 | 510,000 | 878,000 |
| Net interest income | 3,544,000 | 7,349,000 | 11,414,000 | 15,410,000 |
| Noninterest income | 855,000 | 1,787,000 | 2,729,000 | 3,636,000 |
| Noninterest expense | 3,135,000 | 6,393,000 | 9,870,000 | 13,479,000 |
| Provision for loan losses | -100,000 | -100,000 | -100,000 | -100,000 |
| Pretax income | 1,364,000 | 2,843,000 | 4,373,000 | 5,575,000 |
| Income tax | 80,000 | 177,000 | 275,000 | 308,000 |
| Net income | 1,284,000 | 2,666,000 | 4,098,000 | 5,267,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,797,000 | 48,403,000 | 49,857,000 | 50,259,000 |
| Total capital | 49,148,000 | 49,753,000 | 51,210,000 | 51,621,000 |
| Risk-weighted assets | 225,185,000 | 232,835,000 | 244,807,000 | 241,864,000 |