Call reports 2023
SARATOGA NATIONAL BANK AND TRUST COMPANY — 2023
What SARATOGA NATIONAL BANK AND TRUST COMPANY 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 | 920,511,000 | 980,566,000 | 1,012,986,000 | 1,062,118,000 |
| Total loans | 699,377,000 | 747,032,000 | 791,359,000 | 843,160,000 |
| Allowance for loan losses | 8,356,000 | 8,698,000 | 8,872,000 | 9,318,000 |
| Securities available for sale | 149,371,000 | 144,279,000 | 138,501,000 | 139,072,000 |
| Securities held to maturity | 20,925,000 | 19,181,000 | 18,722,000 | 17,962,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 699,820,000 | 752,142,000 | 780,372,000 | 753,306,000 |
| Interest-bearing deposits | 531,293,000 | 587,147,000 | 611,111,000 | 597,313,000 |
| Noninterest-bearing deposits | 168,527,000 | 164,995,000 | 169,261,000 | 155,993,000 |
| Equity capital | 85,971,000 | 86,301,000 | 86,575,000 | 91,840,000 |
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 | 8,289,000 | 17,893,000 | 28,630,000 | 40,067,000 |
| Interest expense | 2,542,000 | 6,853,000 | 12,118,000 | 18,418,000 |
| Net interest income | 5,747,000 | 11,040,000 | 16,512,000 | 21,649,000 |
| Noninterest income | 914,000 | 1,883,000 | 2,832,000 | 3,803,000 |
| Noninterest expense | 4,001,000 | 8,149,000 | 12,057,000 | 15,827,000 |
| Provision for loan losses | 432,000 | 804,000 | 1,065,000 | 1,512,000 |
| Pretax income | 2,228,000 | 3,970,000 | 6,222,000 | 5,693,000 |
| Income tax | 523,000 | 902,000 | 1,402,000 | 1,176,000 |
| Net income | 1,705,000 | 3,068,000 | 4,820,000 | 4,517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 97,608,000 | 98,981,000 | 100,742,000 | 100,449,000 |
| Total capital | 106,390,000 | 108,230,000 | 110,277,000 | 110,510,000 |
| Risk-weighted assets | 702,383,000 | 739,660,000 | 769,745,000 | 804,849,000 |