Call reports 2023
MODERN BANK, NATIONAL ASSOCIATION — 2023
What MODERN BANK, NATIONAL ASSOCIATION 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 | 798,860,000 | 858,955,000 | 884,405,000 | 947,937,000 |
| Total loans | 657,561,000 | 707,489,000 | 719,168,000 | 670,687,000 |
| Allowance for loan losses | 8,791,000 | 9,244,000 | 9,944,000 | 8,678,000 |
| Securities available for sale | 37,305,000 | 35,508,000 | 33,332,000 | 33,863,000 |
| Securities held to maturity | 63,258,000 | 58,947,000 | 57,185,000 | 55,648,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 591,261,000 | 643,327,000 | 686,140,000 | 781,402,000 |
| Interest-bearing deposits | 535,232,000 | 585,946,000 | 619,640,000 | 720,738,000 |
| Noninterest-bearing deposits | 56,029,000 | 57,381,000 | 66,500,000 | 60,664,000 |
| Equity capital | 86,377,000 | 86,134,000 | 86,016,000 | 85,689,000 |
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 | 11,650,000 | 24,576,000 | 39,619,000 | 54,982,000 |
| Interest expense | 5,300,000 | 11,989,000 | 20,080,000 | 29,156,000 |
| Net interest income | 6,350,000 | 12,587,000 | 19,539,000 | 25,826,000 |
| Noninterest income | 342,000 | 805,000 | 1,231,000 | 2,378,000 |
| Noninterest expense | 5,234,000 | 10,826,000 | 15,648,000 | 20,450,000 |
| Provision for loan losses | 330,000 | 1,854,000 | 2,554,000 | 3,762,000 |
| Pretax income | 1,128,000 | 712,000 | 2,568,000 | 3,992,000 |
| Income tax | 229,000 | 84,000 | 671,000 | 1,191,000 |
| Net income | 899,000 | 628,000 | 1,897,000 | 2,801,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,892,000 | 82,612,000 | 85,220,000 | 83,412,000 |
| Total capital | 91,812,000 | 92,121,000 | 95,154,000 | 92,299,000 |
| Risk-weighted assets | 713,505,000 | 764,470,000 | 794,543,000 | 751,231,000 |
Machine access — free, no API key
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