Call reports 2023
SPRING BANK — 2023
What SPRING 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 | 381,097,000 | 368,478,000 | 404,342,000 | 410,724,000 |
| Total loans | 224,596,000 | 233,086,000 | 247,262,000 | 263,684,000 |
| Allowance for loan losses | 2,257,000 | 2,363,000 | 2,513,000 | 3,330,000 |
| Securities available for sale | 111,860,000 | 105,051,000 | 101,037,000 | 105,400,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,332,000 | 315,524,000 | 326,709,000 | 314,148,000 |
| Interest-bearing deposits | 205,642,000 | 205,159,000 | 212,613,000 | 225,962,000 |
| Noninterest-bearing deposits | 119,690,000 | 110,365,000 | 114,096,000 | 88,186,000 |
| Equity capital | 50,433,000 | 48,775,000 | 48,175,000 | 67,295,000 |
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 | 5,600,000 | 11,601,000 | 18,208,000 | 25,436,000 |
| Interest expense | 1,145,000 | 2,840,000 | 4,969,000 | 7,309,000 |
| Net interest income | 4,455,000 | 8,761,000 | 13,239,000 | 18,127,000 |
| Noninterest income | 145,000 | 371,000 | 463,000 | 1,007,000 |
| Noninterest expense | 1,922,000 | 4,152,000 | 6,345,000 | 8,788,000 |
| Provision for loan losses | 154,000 | 298,000 | 485,000 | 1,343,000 |
| Pretax income | 2,524,000 | 4,682,000 | 6,872,000 | 9,003,000 |
| Income tax | 608,000 | 1,154,000 | 1,696,000 | 2,049,000 |
| Net income | 1,916,000 | 3,528,000 | 5,176,000 | 6,954,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,824,000 | 54,490,000 | 55,648,000 | 73,496,000 |
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