Call reports 2023
VALLEY STATE BANK, THE — 2023
What VALLEY STATE BANK, THE 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 | 192,337,000 | 190,994,000 | 188,136,000 | 191,275,000 |
| Total loans | 100,003,000 | 102,193,000 | 105,515,000 | 105,137,000 |
| Allowance for loan losses | 942,000 | 946,000 | 995,000 | 991,000 |
| Securities available for sale | 68,983,000 | 63,832,000 | 61,639,000 | 59,952,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,985,000 | 154,279,000 | 150,866,000 | 154,666,000 |
| Interest-bearing deposits | 105,567,000 | 106,491,000 | 105,939,000 | 105,067,000 |
| Noninterest-bearing deposits | 51,418,000 | 47,788,000 | 44,927,000 | 49,599,000 |
| Equity capital | 17,178,000 | 17,193,000 | 16,866,000 | 18,380,000 |
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 | 1,894,000 | 3,956,000 | 6,121,000 | 8,317,000 |
| Interest expense | 464,000 | 1,025,000 | 1,677,000 | 2,338,000 |
| Net interest income | 1,430,000 | 2,931,000 | 4,444,000 | 5,979,000 |
| Noninterest income | 118,000 | 287,000 | 412,000 | 581,000 |
| Noninterest expense | 1,195,000 | 2,401,000 | 3,622,000 | 4,935,000 |
| Provision for loan losses | -58,000 | -27,000 | 34,000 | 34,000 |
| Pretax income | 370,000 | 804,000 | 1,185,000 | 1,577,000 |
| Income tax | 86,000 | 187,000 | 276,000 | 368,000 |
| Net income | 284,000 | 617,000 | 909,000 | 1,209,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,080,000 | 22,363,000 | 22,653,000 | 22,679,000 |