Call reports 2023
SOMERSET REGAL BANK — 2023
What SOMERSET REGAL 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 | 664,870,000 | 651,554,000 | 1,108,843,000 | 1,072,786,000 |
| Total loans | 358,456,000 | 363,437,000 | 698,226,000 | 700,969,000 |
| Allowance for loan losses | 1,116,000 | 1,116,000 | 5,325,000 | 5,218,000 |
| Securities available for sale | 38,699,000 | 36,076,000 | 35,010,000 | 34,784,000 |
| Securities held to maturity | 175,744,000 | 171,186,000 | 168,920,000 | 165,191,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 521,471,000 | 507,528,000 | 884,896,000 | 846,098,000 |
| Interest-bearing deposits | 473,805,000 | 462,938,000 | 735,789,000 | 722,504,000 |
| Noninterest-bearing deposits | 47,666,000 | 44,590,000 | 149,107,000 | 123,594,000 |
| Equity capital | 119,057,000 | 122,084,000 | 192,400,000 | 195,778,000 |
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 | 4,087,000 | 8,508,000 | 14,336,000 | 26,338,000 |
| Interest expense | 612,000 | 1,696,000 | 3,092,000 | 6,362,000 |
| Net interest income | 3,475,000 | 6,812,000 | 11,244,000 | 19,976,000 |
| Noninterest income | 336,000 | 693,000 | 1,061,000 | 1,581,000 |
| Noninterest expense | 3,417,000 | 6,261,000 | 13,892,000 | 21,240,000 |
| Provision for loan losses | 0 | 0 | 4,161,000 | 4,054,000 |
| Pretax income | 272,000 | 1,124,000 | -5,885,000 | -3,869,000 |
| Income tax | 13,000 | 184,000 | -1,861,000 | -1,351,000 |
| Net income | 259,000 | 940,000 | -4,024,000 | -2,518,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 126,559,000 | 127,099,000 | 165,917,000 | 171,256,000 |