Call reports 2023
PROVIDENCE BANK — 2023
What PROVIDENCE BANK 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 | 879,479,000 | 879,638,000 | 930,483,000 | 982,913,000 |
| Total loans | 714,061,000 | 713,143,000 | 775,024,000 | 827,803,000 |
| Allowance for loan losses | 6,020,000 | 6,021,000 | 6,505,000 | 6,743,000 |
| Securities available for sale | 100,991,000 | 102,172,000 | 99,809,000 | 98,045,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 706,469,000 | 698,344,000 | 737,608,000 | 810,867,000 |
| Interest-bearing deposits | 591,045,000 | 584,962,000 | 619,552,000 | 696,759,000 |
| Noninterest-bearing deposits | 115,424,000 | 113,382,000 | 118,056,000 | 114,108,000 |
| Equity capital | 99,916,000 | 102,510,000 | 103,035,000 | 109,416,000 |
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 | 12,161,000 | 24,988,000 | 38,459,000 | 53,067,000 |
| Interest expense | 4,041,000 | 8,772,000 | 14,314,000 | 20,979,000 |
| Net interest income | 8,120,000 | 16,216,000 | 24,145,000 | 32,088,000 |
| Noninterest income | 248,000 | 526,000 | 792,000 | 1,192,000 |
| Noninterest expense | 2,986,000 | 6,050,000 | 9,296,000 | 12,702,000 |
| Provision for loan losses | 238,000 | 238,000 | 713,000 | 955,000 |
| Pretax income | 5,002,000 | 10,333,000 | 14,806,000 | 19,510,000 |
| Income tax | 917,000 | 2,128,000 | 3,118,000 | 3,970,000 |
| Net income | 4,085,000 | 8,205,000 | 11,688,000 | 15,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 104,603,000 | 108,859,000 | 110,794,000 | 114,561,000 |
| Total capital | 111,163,000 | 115,399,000 | 117,819,000 | 121,815,000 |
| Risk-weighted assets | 826,264,000 | 828,669,000 | 882,343,000 | 921,069,000 |