Call reports 2023
SEATTLE BANK — 2023
What SEATTLE 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 | 826,849,000 | 815,347,000 | 797,654,000 | 855,974,000 |
| Total loans | 686,436,000 | 694,662,000 | 717,666,000 | 772,268,000 |
| Allowance for loan losses | 20,181,000 | 19,742,000 | 23,428,000 | 36,469,000 |
| Securities available for sale | 25,600,000 | 27,809,000 | 27,995,000 | 26,162,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 675,808,000 | 662,066,000 | 661,714,000 | 744,968,000 |
| Interest-bearing deposits | 585,691,000 | 585,873,000 | 597,462,000 | 684,428,000 |
| Noninterest-bearing deposits | 90,117,000 | 76,193,000 | 64,252,000 | 60,540,000 |
| Equity capital | 88,229,000 | 89,924,000 | 91,498,000 | 94,106,000 |
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 | 14,692,000 | 30,311,000 | 46,202,000 | 63,069,000 |
| Interest expense | 4,077,000 | 8,894,000 | 14,104,000 | 20,241,000 |
| Net interest income | 10,615,000 | 21,417,000 | 32,098,000 | 42,828,000 |
| Noninterest income | 17,000 | 98,000 | 119,000 | 118,000 |
| Noninterest expense | 6,216,000 | 12,679,000 | 19,014,000 | 25,497,000 |
| Provision for loan losses | 609,000 | 2,303,000 | 4,786,000 | 6,179,000 |
| Pretax income | 3,824,000 | 6,533,000 | 8,384,000 | 11,285,000 |
| Income tax | 851,000 | 1,459,000 | 1,887,000 | 2,677,000 |
| Net income | 2,973,000 | 5,074,000 | 6,497,000 | 8,608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,549,000 | 100,650,000 | 102,073,000 | 104,184,000 |
| Total capital | 105,351,000 | 107,914,000 | 109,466,000 | 111,765,000 |
| Risk-weighted assets | 537,346,000 | 575,316,000 | 582,083,000 | 584,214,000 |