Call reports 2023
BANK OF SALEM — 2023
What BANK OF SALEM 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 | 132,081,000 | 135,372,000 | 136,609,000 | 144,294,000 |
| Total loans | 85,430,000 | 88,120,000 | 93,304,000 | 97,397,000 |
| Allowance for loan losses | 646,000 | 676,000 | 712,000 | 723,000 |
| Securities available for sale | 35,014,000 | 34,107,000 | 32,504,000 | 33,730,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 117,408,000 | 120,819,000 | 121,584,000 | 126,182,000 |
| Interest-bearing deposits | 91,994,000 | 92,876,000 | 97,572,000 | 101,078,000 |
| Noninterest-bearing deposits | 25,414,000 | 27,943,000 | 24,012,000 | 25,104,000 |
| Equity capital | 8,810,000 | 8,749,000 | 8,218,000 | 9,287,000 |
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 | 1,160,000 | 2,397,000 | 3,743,000 | 5,215,000 |
| Interest expense | 372,000 | 800,000 | 1,321,000 | 1,957,000 |
| Net interest income | 788,000 | 1,597,000 | 2,422,000 | 3,258,000 |
| Noninterest income | 131,000 | 259,000 | 400,000 | 514,000 |
| Noninterest expense | 736,000 | 1,454,000 | 2,208,000 | 2,976,000 |
| Provision for loan losses | 18,000 | 48,000 | 83,000 | 97,000 |
| Pretax income | 131,000 | 318,000 | 492,000 | 652,000 |
| Income tax | 8,000 | 43,000 | 59,000 | 81,000 |
| Net income | 123,000 | 275,000 | 433,000 | 571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,650,000 | 11,803,000 | 11,960,000 | 11,799,000 |
| Total capital | 12,314,000 | 12,499,000 | 12,695,000 | 12,553,000 |
| Risk-weighted assets | 82,084,000 | 83,938,000 | 87,884,000 | 90,669,000 |