Call reports 2023
BANK OF MAGNOLIA COMPANY, THE — 2023
What BANK OF MAGNOLIA COMPANY, THE 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 | 104,497,000 | 100,558,000 | 98,039,000 | 101,558,000 |
| Total loans | 50,141,000 | 52,109,000 | 53,304,000 | 56,127,000 |
| Allowance for loan losses | 662,000 | 688,000 | 705,000 | 731,000 |
| Securities available for sale | 33,254,000 | 30,868,000 | 28,516,000 | 26,368,000 |
| Securities held to maturity | 200,000 | 200,000 | 200,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,771,000 | 87,273,000 | 87,089,000 | 89,650,000 |
| Interest-bearing deposits | 59,202,000 | 54,853,000 | 55,774,000 | 55,555,000 |
| Noninterest-bearing deposits | 34,569,000 | 32,420,000 | 31,315,000 | 34,095,000 |
| Equity capital | 9,761,000 | 9,907,000 | 9,918,000 | 10,728,000 |
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 | 848,000 | 1,791,000 | 2,767,000 | 3,815,000 |
| Interest expense | 24,000 | 82,000 | 162,000 | 264,000 |
| Net interest income | 824,000 | 1,709,000 | 2,605,000 | 3,551,000 |
| Noninterest income | 79,000 | 181,000 | 263,000 | 347,000 |
| Noninterest expense | 574,000 | 1,241,000 | 2,010,000 | 2,830,000 |
| Provision for loan losses | 2,000 | 36,000 | 53,000 | 68,000 |
| Pretax income | 214,000 | 478,000 | 640,000 | 934,000 |
| Income tax | 36,000 | 69,000 | 109,000 | 133,000 |
| Net income | 178,000 | 409,000 | 531,000 | 801,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,243,000 | 11,471,000 | 11,539,000 | 11,806,000 |
| Total capital | 11,883,000 | 12,122,000 | 12,198,000 | 12,491,000 |
| Risk-weighted assets | 51,150,000 | 52,082,000 | 52,821,000 | 54,730,000 |