Call reports 2023
SOUND COMMUNITY BANK — 2023
What SOUND COMMUNITY 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 | 1,004,332,000 | 1,010,904,000 | 1,030,092,000 | 995,375,000 |
| Total loans | 871,959,000 | 857,145,000 | 876,587,000 | 895,079,000 |
| Allowance for loan losses | 8,532,000 | 8,217,000 | 8,438,000 | 8,760,000 |
| Securities available for sale | 8,601,000 | 8,398,000 | 7,980,000 | 8,287,000 |
| Securities held to maturity | 2,191,000 | 2,183,000 | 2,174,000 | 2,165,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 847,806,000 | 825,664,000 | 864,326,000 | 830,013,000 |
| Interest-bearing deposits | 668,791,000 | 664,059,000 | 707,226,000 | 700,288,000 |
| Noninterest-bearing deposits | 179,015,000 | 161,605,000 | 157,100,000 | 129,725,000 |
| Equity capital | 108,000,000 | 111,225,000 | 111,510,000 | 112,669,000 |
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 | 12,194,000 | 24,631,000 | 37,340,000 | 50,701,000 |
| Interest expense | 2,635,000 | 6,134,000 | 10,486,000 | 16,088,000 |
| Net interest income | 9,559,000 | 18,497,000 | 26,854,000 | 34,613,000 |
| Noninterest income | 953,000 | 2,817,000 | 3,876,000 | 4,914,000 |
| Noninterest expense | 7,460,000 | 14,737,000 | 22,275,000 | 29,409,000 |
| Provision for loan losses | 245,000 | 3,000 | 226,000 | 564,000 |
| Pretax income | 3,042,000 | 6,898,000 | 8,702,000 | 10,391,000 |
| Income tax | 611,000 | 1,268,000 | 1,635,000 | 1,848,000 |
| Net income | 2,431,000 | 5,630,000 | 7,067,000 | 8,543,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 109,060,000 | 112,352,000 | 112,888,000 | 113,706,000 |