Call reports 2023
DRAKE BANK — 2023
What DRAKE 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 | 214,083,000 | 215,441,000 | 212,309,000 | 235,588,000 |
| Total loans | 164,043,000 | 173,194,000 | 176,379,000 | 182,799,000 |
| Allowance for loan losses | 2,336,000 | 2,379,000 | 2,360,000 | 2,624,000 |
| Securities available for sale | 34,436,000 | 34,311,000 | 34,502,000 | 35,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,413,000 | 190,778,000 | 184,742,000 | 197,026,000 |
| Interest-bearing deposits | 142,462,000 | 142,889,000 | 141,245,000 | 154,147,000 |
| Noninterest-bearing deposits | 46,951,000 | 47,889,000 | 43,497,000 | 42,879,000 |
| Equity capital | 14,770,000 | 14,551,000 | 17,200,000 | 18,240,000 |
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 | 2,824,000 | 5,695,000 | 8,751,000 | 12,167,000 |
| Interest expense | 888,000 | 2,018,000 | 3,287,000 | 4,783,000 |
| Net interest income | 1,936,000 | 3,677,000 | 5,464,000 | 7,384,000 |
| Noninterest income | 63,000 | 258,000 | 385,000 | 502,000 |
| Noninterest expense | 1,687,000 | 3,402,000 | 5,092,000 | 6,788,000 |
| Provision for loan losses | 0 | 42,000 | 25,000 | 289,000 |
| Pretax income | 312,000 | 491,000 | 695,000 | 744,000 |
| Income tax | 40,000 | 57,000 | 75,000 | 118,000 |
| Net income | 272,000 | 434,000 | 620,000 | 626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,591,000 | 18,753,000 | 21,940,000 | 21,651,000 |