Call reports 2022
WEST GATE BANK — 2022
What WEST GATE 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 | 1,030,763,000 | 1,035,789,000 | 1,057,609,000 | 1,121,085,000 |
| Total loans | 823,255,000 | 815,490,000 | 823,151,000 | 853,898,000 |
| Allowance for loan losses | 8,236,000 | 8,382,000 | 8,475,000 | 8,758,000 |
| Securities available for sale | 114,777,000 | 133,481,000 | 137,867,000 | 145,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 904,452,000 | 892,725,000 | 855,177,000 | 882,700,000 |
| Interest-bearing deposits | 620,492,000 | 605,212,000 | 582,555,000 | 603,803,000 |
| Noninterest-bearing deposits | 283,960,000 | 287,513,000 | 272,623,000 | 278,896,000 |
| Equity capital | 109,355,000 | 105,510,000 | 100,475,000 | 120,490,000 |
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 | 8,994,000 | 19,002,000 | 29,628,000 | 41,115,000 |
| Interest expense | 385,000 | 897,000 | 2,098,000 | 5,067,000 |
| Net interest income | 8,609,000 | 18,105,000 | 27,530,000 | 36,048,000 |
| Noninterest income | 4,409,000 | 4,194,000 | 5,987,000 | 8,299,000 |
| Noninterest expense | 12,000,000 | 18,817,000 | 26,126,000 | 34,726,000 |
| Provision for loan losses | 290,000 | 865,000 | 1,086,000 | 1,379,000 |
| Pretax income | 728,000 | 2,617,000 | 6,305,000 | 8,242,000 |
| Income tax | -16,000 | 189,000 | 737,000 | 908,000 |
| Net income | 744,000 | 2,428,000 | 5,568,000 | 7,334,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 115,974,000 | 117,782,000 | 117,849,000 | 132,933,000 |