Call reports 2023
WELLWORTH BANK — 2023
What WELLWORTH 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 | 1,517,029,000 | 1,501,126,000 | 1,507,378,000 | 1,549,719,000 |
| Total loans | 976,708,000 | 976,648,000 | 1,002,056,000 | 1,042,930,000 |
| Allowance for loan losses | 10,747,000 | 10,936,000 | 11,123,000 | 11,339,000 |
| Securities available for sale | 401,687,000 | 388,607,000 | 368,375,000 | 376,939,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,297,558,000 | 1,304,885,000 | 1,329,597,000 | 1,334,524,000 |
| Interest-bearing deposits | 1,036,734,000 | 1,047,488,000 | 1,069,238,000 | 1,088,747,000 |
| Noninterest-bearing deposits | 260,824,000 | 257,397,000 | 260,359,000 | 245,777,000 |
| Equity capital | 133,367,000 | 133,053,000 | 126,204,000 | 140,913,000 |
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 | 15,753,000 | 32,393,000 | 49,836,000 | 68,469,000 |
| Interest expense | 4,248,000 | 9,751,000 | 16,048,000 | 23,203,000 |
| Net interest income | 11,505,000 | 22,642,000 | 33,788,000 | 45,266,000 |
| Noninterest income | 2,232,000 | 4,829,000 | 7,227,000 | 9,382,000 |
| Noninterest expense | 8,591,000 | 17,186,000 | 25,944,000 | 34,831,000 |
| Provision for loan losses | 200,000 | 400,000 | 625,000 | 950,000 |
| Pretax income | 4,844,000 | 9,680,000 | 14,185,000 | 18,714,000 |
| Income tax | 1,038,000 | 2,004,000 | 2,960,000 | 3,513,000 |
| Net income | 3,806,000 | 7,676,000 | 11,225,000 | 15,201,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 144,181,000 | 146,209,000 | 147,916,000 | 150,050,000 |
| Total capital | 155,981,000 | 158,299,000 | 160,243,000 | 162,493,000 |
| Risk-weighted assets | 1,045,663,000 | 1,051,213,000 | 1,077,819,000 | 1,103,189,000 |