Call reports 2023
SQUARE FINANCIAL SERVICES, INC. — 2023
What SQUARE FINANCIAL SERVICES, INC. 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 | 512,115,000 | 555,113,000 | 635,292,000 | 677,682,000 |
| Total loans | 211,975,000 | 263,425,000 | 272,301,000 | 299,995,000 |
| Allowance for loan losses | 11,138,000 | 12,199,000 | 14,904,000 | 17,202,000 |
| Securities available for sale | 983,000 | 1,436,000 | 1,236,000 | 2,414,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,654,000 | 204,898,000 | 230,407,000 | 214,294,000 |
| Interest-bearing deposits | 190,654,000 | 204,898,000 | 230,407,000 | 214,294,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 283,833,000 | 319,510,000 | 362,244,000 | 409,437,000 |
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 | 16,887,000 | 39,076,000 | 66,101,000 | 94,616,000 |
| Interest expense | 1,023,000 | 2,097,000 | 3,319,000 | 4,567,000 |
| Net interest income | 15,864,000 | 36,979,000 | 62,782,000 | 90,049,000 |
| Noninterest income | 56,559,000 | 111,771,000 | 172,003,000 | 243,990,000 |
| Noninterest expense | 30,715,000 | 62,988,000 | 90,046,000 | 125,452,000 |
| Provision for loan losses | 4,426,000 | 8,270,000 | 13,387,000 | 18,826,000 |
| Pretax income | 37,282,000 | 77,492,000 | 131,352,000 | 189,751,000 |
| Income tax | 10,818,000 | 20,375,000 | 34,597,000 | 49,310,000 |
| Net income | 26,464,000 | 57,117,000 | 96,755,000 | 140,441,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 283,850,000 | 319,574,000 | 362,503,000 | 409,517,000 |
| Total capital | 286,816,000 | 323,207,000 | 366,193,000 | 413,780,000 |
| Risk-weighted assets | 229,081,000 | 282,043,000 | 283,957,000 | 328,070,000 |