Call reports 2023
BANK OF THE LOWCOUNTRY — 2023
What BANK OF THE LOWCOUNTRY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 275,671,000 | 293,138,000 | 328,894,000 | 353,212,000 |
| Total loans | 193,039,000 | 208,424,000 | 215,016,000 | 223,143,000 |
| Allowance for loan losses | 2,674,000 | 2,668,000 | 2,639,000 | 2,808,000 |
| Securities available for sale | 70,498,000 | 69,271,000 | 81,004,000 | 99,651,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 256,738,000 | 272,388,000 | 309,640,000 | 329,845,000 |
| Interest-bearing deposits | 210,142,000 | 225,742,000 | 265,982,000 | 283,529,000 |
| Noninterest-bearing deposits | 46,596,000 | 46,646,000 | 43,658,000 | 46,316,000 |
| Equity capital | 18,602,000 | 18,796,000 | 17,137,000 | 20,110,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,997,000 | 6,223,000 | 9,828,000 | 14,265,000 |
| Interest expense | 227,000 | 716,000 | 1,719,000 | 3,683,000 |
| Net interest income | 2,770,000 | 5,507,000 | 8,109,000 | 10,582,000 |
| Noninterest income | 86,000 | 216,000 | 380,000 | 563,000 |
| Noninterest expense | 1,971,000 | 4,062,000 | 6,403,000 | 8,640,000 |
| Provision for loan losses | 50,000 | 50,000 | 51,000 | 201,000 |
| Pretax income | 762,000 | 1,538,000 | 1,962,000 | 2,231,000 |
| Income tax | 168,000 | 338,000 | 383,000 | 406,000 |
| Net income | 594,000 | 1,200,000 | 1,579,000 | 1,825,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,554,000 | 29,160,000 | 29,539,000 | 29,785,000 |
| Total capital | 31,182,000 | 31,898,000 | 32,248,000 | 32,663,000 |
| Risk-weighted assets | 210,258,000 | 222,654,000 | 231,627,000 | 240,699,000 |