Last Update: 20220809.162148
Board of Governors of the Federal Reserve System
RSSD ID: 1471960
FR Y-9SP
OMB Number 7100-0128
Approval expires December 31, 2024 Page 1 of 9
Parent Company Only Financial Statements for Small
Holding Companies-FRY-9SP
Report at the close of business as of the last calendar day of June and December
This Report is required by law: Section 5(c) of the Bank Holding | assets of less than $3 billion, except holding companies that meet | |||||||||
Company Act (12 U.S.C. § 1844) and Section 225.5(b) of | certain criteria to file the Consolidated Financial Statement for | |||||||||
Regulation Y (12 C.F.R. § 225.5(b)) and Section 10 of the Home | Holding Companies (FR Y-9C). When such holding companies are | |||||||||
Owners' Loan Act (12 U.S.C. § 1467a(b)). | tiered holding companies, separate reports are also to be filed by | |||||||||
each of the subsidiary holding companies. The Federal Reserve | ||||||||||
This report form is to be filed by the parent company of small | may not conduct or sponsor, and an organization (or a person) is | |||||||||
holding companies. For purposes of this report, small holding | not required to respond to, a collection of information unless it dis- | |||||||||
companies are holding companies that have total consolidated | plays a currently valid OMB control number. | |||||||||
NOTE: The Parent Company Only Financial Statements for | Date of Report: | June 30, 2022 | ||||||||
Small Holding Companies must be signed and attested by the | Month / Day / Year (BHSP 9999) | |||||||||
Chief Financial Officer (CFO) of the reporting holding company | ||||||||||
(or by the individual performing this equivalent function). | ||||||||||
I, the undersigned CFO (or equivalent) of the named holding | ||||||||||
company, attest that the Parent Company Only Financial | ||||||||||
Statements for Small Holding Companies for this report date | ||||||||||
have been prepared in conformance with the instructions issued | ||||||||||
by the Federal Reserve System and are true and correct to the | ||||||||||
best of my knowledge and belief. | BANK OF LABOR BANCSHARES, INC. | |||||||||
Aaron Bowman | ||||||||||
Printed Name of Chief Financial Officer (or Equivalent) (BHSP C490) | Legal Title of Holding Company (RSSD 9017) | |||||||||
754 MINNESOTA | ||||||||||
Signature of Chief Financial Officer (or Equivalent) (BHSP H321) | (Mailing Address of the Holding Company) Street / PO Box (RSSD 9110) | |||||||||
08/09/2022 | KANSAS CITY | KS | 66101 | |||||||
Date of Signature (MM/DD/YYYY) (BHSX J196) | City (RSSD 9130) | State (RSSD 9200) Zip Code (RSSD 9220) |
Holding companies must maintain in their files a manually signed and attested printout of the data submitted.
Person to whom questions about this report should be directed:
Zach Sheridan, VP and Controller
Name / Title (BHSX 8901)
For Federal Reserve Bank Use Only
RSSD ID
C.I.S.F.
913-288-3181
Area Code / Phone Number (BHSX 8902)
913-321-5247
Area Code / FAX Number (BHSX 9116)
zsheridan@bankoflabor.com
E-mail Address of Contact (BHSX 4086)
Is confidential treatment requested for any | 0=No | BHSP | ||
.................portion of this report submission? | 1=Yes | C447 | 0 |
In accordance with the General Instructions for this report (check only one),
1. a letter justifying this request is being provided along
with the report (BHSP KY38) .........................................
2. a letter justifying this request has been provided
separately (BHSP KY38)..............................................
Public reporting burden for this information collection is estimated to vary from 1.5 to 8 hours per response, with an average of 5.4 hours per response, including time to gather and maintain data in the required form and to review instructions and complete the information collection. Comments regarding this burden estimate or any other aspect of this information collection, including suggestions for reducing the burden, may be sent to Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551, and to the Office of Management and Budget, Paperwork Reduction Project (7100-0128), Washington, DC 20503.
09/2021
Last Update: 20220809.162148 | RSSD ID: 1471960 |
FR Y-9SP | |
Page 2 of 9 |
Chief Executive Officer Contact Information
This information is being requested so the Board can distribute notifications about policy initiatives and other matters directly to the Chief Executive Officers of reporting institutions. Please provide contact information for the Chief Executive Officer of the reporting institution. Enter "none" for the Chief Executive Officer's email address if not available. Chief Executive Officer contact information is for the confidential use of the Board and will not be released to the public.
Chief Executive Officer
Name (BHSP FT42)
Area Code / Phone Number / Extension (BHSP FT43)
E-mail Address (BHSP FT44)
12/2021
Last Update: 20220809.162148
BANK OF LABOR BANCSHARES, INC.
Name of Holding Company
The Income Statement is to be reported on a calendar year-to-date basis in thousands of dollars.
RSSD ID: 1471960 | |||||
FR Y-9SP | |||||
For Federal Reserve Bank Use Only | |||||
Page 3 of 9 | |||||
RSSD ID | |||||
C.I. | S.F. | ||||
Schedule SI-Income Statement
Dollar Amounts in Thousands | BHSP | Amount | ||||
1. | Income from bank subsidiary(ies): | |||||
a. Dividends ....................................................................................................................... | 0508 | 125 | 1.a. | |||
b. Other income .................................................................................................................. | 2111 | 0 | 1.b. | |||
2. | Income from nonbank subsidiary(ies):1 | |||||
a. Dividends ....................................................................................................................... | 0523 | 2.a. | ||||
b. Other income .................................................................................................................. | 0530 | 2.b. | ||||
3. | Income from subsidiary holding company(ies):2 | |||||
a. Dividends ....................................................................................................................... | 0206 | 3.a. | ||||
b. Other income .................................................................................................................. | 1283 | 3.b. | ||||
4. | Other income....................................................................................................................... | 0447 | 0 | 4. | ||
5. | TOTAL OPERATING INCOME (sum of items 1, 2, 3, and 4) .......................................................... | 4000 | 125 | 5. | ||
6. | Interest expense .................................................................................................................. | 4073 | 122 | 6. | ||
7. | Other expenses3 .................................................................................................................. | 4093 | 6 | 7. | ||
...............................................................8. TOTAL OPERATING EXPENSE (sum of items 6 and 7) | 4130 | 128 | 8. | |||
9. | a. Income (loss) before change in net unrealized holding gains (losses) on equity securities not held | |||||
for trading, applicable income taxes, and discontinued operations (item 5 minus 8)......................... | HT69 | -3 | 9.a. | |||
b. Change in net unrealized holding gains (losses) on equity securities not held for trading4................. | HT70 | 0 | 9.b. | |||
c. Income (loss) before applicable income taxes, discontinued operations and undistributed income | ||||||
(sum of items 9.a and 9.b)................................................................................................... | 4250 | -3 | 9.c. | |||
10. | Applicable income taxes (benefits) (estimated) (see instructions) ................................................... | 4302 | -27 | 10. | ||
11. Discontinued operations, net of applicable income taxes .............................................................. | FT28 | 0 | 11. | |||
12. | Income (loss) before undistributed income of subsidiary(ies) (sum of items 9.c and 11 minus 10).......... | 0496 | 24 | 12. | ||
13. | Equity in undistributed income (loss) of subsidiary(ies): (see instructions) | |||||
a. Bank subsidiary(ies) ......................................................................................................... | 3156 | 1370 | 13.a. | |||
b. Nonbank subsidiary(ies)1 ................................................................................................... | 2112 | 13.b. | ||||
c. Subsidiary holding company(ies)2 ........................................................................................ | 3513 | 13.c. | ||||
14. | Net income (loss) (sum of items 12 and 13) ............................................................................... | 4340 | 1394 | 14. | ||
Memoranda | ||||||
1. | M.1. | |||||
Cash dividends (or non-taxabledistributions) declared by the holding company to its shareholders............ | 3158 | 0 | ||||
2. | Does the reporting holding company have a Subchapter S election in effect for federal income tax | 0=No | BHSP | |||
.............................................purposes for the current tax year? (enter "1" for Yes; enter "0" for No) | 1=Yes | A530 | 0 | M.2. | ||
3. | Interest expense paid to special-purpose subsidiaries that issued trust preferred securities | BHSP | Amount | |||
(included in item 7 above) ...................................................................................................... | C254 | 0 | M.3. | |||
Memorandum item 4 is to be completed by holding companies that have elected to account for financial | ||||||
instruments or servicing assets and liabilities at fair value under a fair value option. | ||||||
4. | Net change in fair values of financial instruments accounted for under a fair value option .................... | J980 | M.4. |
Memorandum item 5 is to be completed by top tier holding companies with the December 31 report date only.
5. Does your holding company have 100 or more full-time equivalent employees on a | |||||
consolidated basis? | BHSP | ||||
...................................................................................(enter "1" for Yes; leave blank for No) | 1=Yes | MZ36 | M.5. |
- Leave blank if the reporting holding company does not own a nonbank subsidiary.
- Leave blank if the reporting holding company does not own a subsidiary holding company.
- Holding companies that have adopted ASU 2016-13 should report provisions for credit losses on all financial assets and off-balance-sheet credit exposures.
- Item 9.b is to be completed by all holding companies. See the instructions for this item and the FR Y-9C Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.
12/2021
Last Update: 20220809.162148RSSD ID: 1471960
FR Y-9SP
Page 4 of 9
Schedule SC-Balance Sheet
Dollar Amounts in Thousands | BHSP | Amount | ||
Assets | ||||
1. | Cash and due from depository institutions: | |||
a. Balances with subsidiary or affiliated depository institutions ........................................................ | 5993 | 90 | 1.a. | |
b. Balances with unrelated depository institutions......................................................................... | 0010 | 0 | 1.b. | |
2. | Securities1 ............................................................................................................................ | 0390 | 0 | 2. |
3. Loans and lease financing receivables (exclusive of loans and lease financing receivables due from bank(s) and nonbank subsidiaries):
a. Loans and leases, held for investment and held for sale..................................... | 2122 | 0 | 3.a. | |||
b. LESS: Allowance for loan and lease losses2 .................................................... | 3123 | 0 | 3.b. | |||
c. Loans and leases, held for investment and held for sale, net of the allowance for loan and lease | ||||||
...................................................................................................losses (item 3.a minus 3.b) | 2723 | 0 | 3.c. | |||
4. Investment in bank subsidiary(ies): (see instructions) | ||||||
a. Equity investment ............................................................................................................... | 3239 | 17346 | 4.a. | |||
b. Goodwill............................................................................................................................ | 3238 | 0 | 4.b. | |||
c. Loans and advances to and receivables due from bank subsidiary(ies) .......................................... | 3148 | 0 | 4.c. | |||
5. Investment in nonbank subsidiary(ies): (see instructions)3 | ||||||
a. Equity investment............................................................................................................... | 0088 | 5.a. | ||||
b. Goodwill........................................................................................................................... | 0087 | 5.b. | ||||
c. Loans and advances to and receivables due from nonbank subsidiary(ies) .................................... | 0089 | 5.c. |
6. Investment in subsidiary holding company(ies) (These items are to be completed only by companies that have subsidiary holding companies.):4
...............................................................................................................a. Equity investment | 0201 | 6.a. | |||
b. Goodwill........................................................................................................................... | 0202 | 6.b. | |||
c. Loans and advances to and receivables due from subsidiary holding company(ies) ......................... | 3523 | 6.c. | |||
7. | Other assets5......................................................................................................................... | 0027 | 2 | 7. | |
8. | Balances due from related nonbank companies (other than investments)6 .......................................... | 3620 | 0 | 8. | |
9. | TOTAL ASSETS (sum of items 1 through 8) ................................................................................. | 2170 | 17438 | 9. | |
Liabilities and Equity Capital | |||||
10. | Short-term borrowings: | ||||
..............................................................................................................a. Commercial paper | 2309 | 0 | 10.a. | ||
b. Other short-term borrowings................................................................................................. | 2724 | 0 | 10.b. | ||
11. | Long-term borrowings (includes limited-life preferred stock and related surplus) .................................. | 3151 | 5000 | 11. | |
12. | Accrued interest payable (see instructions) .................................................................................. | 3166 | 23 | 12. | |
13. | Other liabilities ....................................................................................................................... | 3167 | 11 | 13. | |
14. | Balances due to subsidiaries and related institutions: | ||||
a. Subsidiary bank(s) ............................................................................................................. | 3605 | 0 | 14.a. | ||
b. Nonbank subsidiaries and related institutions3 .......................................................................... | 3621 | 14.b. | |||
15. | Not applicable | ||||
16. | Equity capital: | ||||
a. Perpetual preferred stock (including related surplus) ................................................................. | 3283 | 0 | 16.a. | ||
b. Common stock (including related surplus) ............................................................................... | 3230 | 7797 | 16.b. | ||
c. Retained earnings .............................................................................................................. | 3247 | 49668 | 16.c. | ||
d. Accumulated other comprehensive income7 ............................................................................. | B530 | -43395 | 16.d. | ||
e. Other equity capital components8 .......................................................................................... | A130 | -1666 | 16.e. | ||
f. Total equity capital (sum of items 16.a through 16.e) .................................................................. | 3210 | 12404 | 16.f. | ||
17. | TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 10 through 14.b, and 16.f) .......................... | 3300 | 17438 | 17. | |
- Holding companies that have adopted ASU 2016-13 should report held-to-maturity securities in item 2 net of any applicable allowance for credit losses.
- Holding companies that have adopted ASU 2016-13 should report in item 3.b the allowance for credit losses on loans and leases.
- Leave blank if the reporting holding company does not own a nonbank subsidiary.
- Leave blank if the reporting holding company does not own a subsidiary holding company.
- Holding companies that have adopted ASU 2016-13 should report in item 7 amounts net of any applicable allowance for credit losses.
- This item should be completed only by lower-tier holding companies. Lower-tier holding companies should leave this item blank if no related nonbank companies exist
- Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
8. Includes treasury stock and unearned Employee Stock Ownership Plan shares. | 12/2021 |
Last Update: 20220809.162148 | RSSD ID: 1471960 |
FR Y-9SP | |
Page 5 of 9 |
Schedule SC-Continued
Memoranda (to be completed annually only by top-tier and single-tier holding companies for the
December 31 report date)
1. | Has the holding company engaged in a full-scope independent external audit at any time during the | 0=No | BHSP | |||||||||
.......................................................................calendar year? (enter "1" for Yes; enter "0" for No) | 1=Yes | C884 | M.1. | |||||||||
2. | If response to Memorandum item 1 is yes, indicate below the name and address of the holding company's independent | |||||||||||
external auditing firm (see instructions), and the name and e-mail address of the auditing firm's engagement partner.9 | M.2. | |||||||||||
a. | b. | |||||||||||
(1) | Name of External Auditing Firm (TEXT C703) | (1) | Name of Engagement Partner (TEXT C704) | |||||||||
(2) | City (TEXT C708) | (2) | E-mail Address (TEXT C705) | |||||||||
(3) | State Abbreviation (TEXT C714) | (4) Zip Code (TEXT C715) |
Dollar Amounts in Thousands | BHSP | Amount | |
Memoranda items 3.a and 3.b are to be completed by holding companies that have elected to account for finan- | |||
cial instruments or servicing assets and liabilities at fair value under a fair value option. | |||
3. Financial assets and liabilities measured at fair value: | |||
a. Total assets ..................................................................................................................... | F819 | M.3.a. | |
b. Total liabilities................................................................................................................... | F820 | M.3.b. |
9. The Federal Reserve regards information submitted in response to Memorandum item 2.b. as confidential.
12/2021
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Bank of Labor Bancshares Inc. published this content on 23 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2022 16:55:00 UTC.