Call reports 2022
GATES BANKING AND TRUST COMPANY — 2022
What GATES BANKING AND TRUST COMPANY 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 | 52,592,000 | 59,882,000 | 56,108,000 | 53,233,000 |
| Total loans | 15,464,000 | 17,363,000 | 17,233,000 | 14,273,000 |
| Allowance for loan losses | 306,000 | 306,000 | 306,000 | 306,000 |
| Securities available for sale | 30,153,000 | 30,315,000 | 29,303,000 | 28,453,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,307,000 | 55,356,000 | 51,874,000 | 48,604,000 |
| Interest-bearing deposits | 37,986,000 | 47,086,000 | 45,443,000 | 39,576,000 |
| Noninterest-bearing deposits | 9,321,000 | 8,270,000 | 6,431,000 | 9,028,000 |
| Equity capital | 5,001,000 | 4,199,000 | 3,853,000 | 4,161,000 |
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 | 313,000 | 660,000 | 1,027,000 | 1,441,000 |
| Interest expense | 24,000 | 74,000 | 151,000 | 317,000 |
| Net interest income | 289,000 | 586,000 | 876,000 | 1,124,000 |
| Noninterest income | 18,000 | 36,000 | 59,000 | 67,000 |
| Noninterest expense | 232,000 | 464,000 | 690,000 | 923,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 75,000 | 158,000 | 245,000 | 259,000 |
| Income tax | -11,000 | -14,000 | -20,000 | -18,000 |
| Net income | 86,000 | 172,000 | 265,000 | 277,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,475,000 | 5,561,000 | 5,654,000 | 5,566,000 |
| Total capital | 5,781,000 | 5,867,000 | 5,960,000 | 5,872,000 |
| Risk-weighted assets | 30,330,000 | 34,083,000 | 33,298,000 | 28,739,000 |