Call reports 2023
ELEVATE BANK, NATIONAL ASSOCIATION — 2023
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 60,536,000 | 59,077,000 | 56,914,000 | 52,874,000 |
| Total loans | 25,190,000 | 24,691,000 | 24,379,000 | 25,145,000 |
| Allowance for loan losses | 412,000 | 412,000 | 400,000 | 401,000 |
| Securities available for sale | 10,932,000 | 10,643,000 | 10,996,000 | 11,270,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,554,000 | 52,192,000 | 50,168,000 | 45,614,000 |
| Interest-bearing deposits | 33,916,000 | 32,760,000 | 30,397,000 | 26,562,000 |
| Noninterest-bearing deposits | 19,638,000 | 19,432,000 | 19,771,000 | 19,052,000 |
| Equity capital | 6,756,000 | 6,675,000 | 6,516,000 | 7,038,000 |
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 | 812,000 | 1,650,000 | 2,464,000 | 3,299,000 |
| Interest expense | 50,000 | 104,000 | 165,000 | 214,000 |
| Net interest income | 762,000 | 1,546,000 | 2,299,000 | 3,085,000 |
| Noninterest income | 44,000 | 78,000 | 106,000 | 193,000 |
| Noninterest expense | 738,000 | 1,459,000 | 2,154,000 | 2,832,000 |
| Provision for loan losses | 0 | 0 | 0 | -3,000 |
| Pretax income | 90,000 | 188,000 | 267,000 | 461,000 |
| Income tax | 2,000 | 6,000 | -3,000 | 26,000 |
| Net income | 88,000 | 182,000 | 270,000 | 435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,422,000 | 5,544,000 | 5,661,000 | 5,854,000 |