Call reports 2023
CUMBERLAND SECURITY BANK, INC. — 2023
What CUMBERLAND SECURITY BANK, INC. 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 | 313,025,000 | 318,380,000 | 331,410,000 | 330,716,000 |
| Total loans | 259,227,000 | 264,866,000 | 268,899,000 | 269,394,000 |
| Allowance for loan losses | 7,001,000 | 6,986,000 | 6,991,000 | 7,490,000 |
| Securities available for sale | 39,206,000 | 37,936,000 | 33,372,000 | 33,460,000 |
| Securities held to maturity | 5,991,000 | 4,992,000 | 3,993,000 | 3,994,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,163,000 | 277,276,000 | 288,309,000 | 286,862,000 |
| Interest-bearing deposits | 144,257,000 | 147,408,000 | 153,756,000 | 157,371,000 |
| Noninterest-bearing deposits | 125,906,000 | 129,868,000 | 134,553,000 | 129,491,000 |
| Equity capital | 39,303,000 | 40,314,000 | 42,027,000 | 43,024,000 |
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 | 3,832,000 | 8,412,000 | 13,060,000 | 17,932,000 |
| Interest expense | 195,000 | 552,000 | 1,030,000 | 1,604,000 |
| Net interest income | 3,637,000 | 7,860,000 | 12,030,000 | 16,328,000 |
| Noninterest income | 647,000 | 1,305,000 | 2,046,000 | 2,707,000 |
| Noninterest expense | 1,783,000 | 3,636,000 | 5,540,000 | 7,340,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 560,000 |
| Pretax income | 2,486,000 | 5,499,000 | 8,491,000 | 11,135,000 |
| Income tax | 4,000 | 4,000 | 0 | 0 |
| Net income | 2,482,000 | 5,495,000 | 8,491,000 | 11,135,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,028,000 | 42,142,000 | 43,942,000 | 44,111,000 |
| Total capital | 43,963,000 | 45,205,000 | 47,224,000 | — |
| Risk-weighted assets | 230,771,000 | 241,093,000 | 258,581,000 | — |