Call reports 2023
WASHINGTON BUSINESS BANK — 2023
What WASHINGTON BUSINESS 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 | 100,623,000 | 103,883,000 | 103,924,000 | 104,843,000 |
| Total loans | 85,797,000 | 89,657,000 | 90,107,000 | 91,940,000 |
| Allowance for loan losses | 670,000 | 678,000 | 678,000 | 685,000 |
| Securities available for sale | 24,000 | 23,000 | 22,000 | 21,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,513,000 | 82,765,000 | 82,290,000 | 79,962,000 |
| Interest-bearing deposits | 51,819,000 | 53,525,000 | 54,440,000 | 56,114,000 |
| Noninterest-bearing deposits | 27,694,000 | 29,240,000 | 27,850,000 | 23,848,000 |
| Equity capital | 14,567,000 | 14,775,000 | 15,203,000 | 15,657,000 |
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 | 1,305,000 | 2,736,000 | 4,253,000 | 5,896,000 |
| Interest expense | 133,000 | 402,000 | 755,000 | 1,150,000 |
| Net interest income | 1,172,000 | 2,334,000 | 3,498,000 | 4,746,000 |
| Noninterest income | 30,000 | 59,000 | 88,000 | 142,000 |
| Noninterest expense | 711,000 | 1,416,000 | 2,144,000 | 2,884,000 |
| Provision for loan losses | 0 | 8,000 | 8,000 | 15,000 |
| Pretax income | 491,000 | 969,000 | 1,434,000 | 1,989,000 |
| Income tax | 103,000 | 203,000 | 301,000 | 418,000 |
| Net income | 388,000 | 766,000 | 1,133,000 | 1,571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,567,000 | 14,775,000 | 15,203,000 | 15,657,000 |
| Total capital | 15,246,000 | 15,462,000 | 15,890,000 | 16,373,000 |
| Risk-weighted assets | 78,649,000 | 81,276,000 | 82,149,000 | 84,286,000 |