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 | 372,730,000 | 372,803,000 | 378,430,000 | 365,399,000 |
| Total loans | 296,273,000 | 290,083,000 | 289,113,000 | 284,966,000 |
| Allowance for loan losses | 4,255,000 | 4,335,000 | 4,395,000 | 4,395,000 |
| Securities available for sale | 53,358,000 | 46,346,000 | 43,644,000 | 40,103,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 295,067,000 | 288,539,000 | 290,280,000 | 271,124,000 |
| Interest-bearing deposits | 253,764,000 | 243,654,000 | 242,217,000 | 236,296,000 |
| Noninterest-bearing deposits | 41,303,000 | 44,885,000 | 48,063,000 | 34,828,000 |
| Equity capital | 43,630,000 | 42,339,000 | 42,992,000 | 44,426,000 |
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 | 4,574,000 | 9,439,000 | 14,510,000 | 19,719,000 |
| Interest expense | 1,860,000 | 3,987,000 | 6,329,000 | 8,818,000 |
| Net interest income | 2,714,000 | 5,452,000 | 8,181,000 | 10,901,000 |
| Noninterest income | 155,000 | 276,000 | 403,000 | 558,000 |
| Noninterest expense | 1,509,000 | 3,012,000 | 4,520,000 | 6,204,000 |
| Provision for loan losses | 60,000 | 140,000 | 200,000 | 200,000 |
| Pretax income | 1,300,000 | 2,576,000 | 3,864,000 | 5,055,000 |
| Income tax | 331,000 | 665,000 | 950,000 | 1,698,000 |
| Net income | 969,000 | 1,911,000 | 2,914,000 | 3,357,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,773,000 | 45,878,000 | 46,936,000 | 47,436,000 |