Call reports 2023
SYNERGY BANK — 2023
What SYNERGY 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 | 840,560,000 | 851,590,000 | 1,199,321,000 | 1,168,433,000 |
| Total loans | 450,558,000 | 471,680,000 | 720,900,000 | 705,966,000 |
| Allowance for loan losses | 5,591,000 | 5,844,000 | 10,620,000 | 11,100,000 |
| Securities available for sale | 120,857,000 | 107,365,000 | 117,417,000 | 113,732,000 |
| Securities held to maturity | 209,206,000 | 206,009,000 | 199,065,000 | 186,857,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 749,466,000 | 758,356,000 | 1,036,655,000 | 1,005,013,000 |
| Interest-bearing deposits | 508,394,000 | 519,698,000 | 715,709,000 | 732,890,000 |
| Noninterest-bearing deposits | 241,072,000 | 238,658,000 | 320,946,000 | 272,123,000 |
| Equity capital | 86,871,000 | 89,516,000 | 149,268,000 | 150,579,000 |
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 | 8,268,000 | 17,317,000 | 29,045,000 | 44,842,000 |
| Interest expense | 1,346,000 | 3,224,000 | 6,011,000 | 9,905,000 |
| Net interest income | 6,922,000 | 14,093,000 | 23,034,000 | 34,937,000 |
| Noninterest income | 1,146,000 | 2,407,000 | 3,832,000 | 5,296,000 |
| Noninterest expense | 4,107,000 | 8,387,000 | 13,734,000 | 19,993,000 |
| Provision for loan losses | 14,000 | 261,000 | 3,858,000 | 5,237,000 |
| Pretax income | 3,953,000 | 7,762,000 | 9,112,000 | 14,768,000 |
| Income tax | 816,000 | 1,604,000 | 1,868,000 | 3,063,000 |
| Net income | 3,137,000 | 6,158,000 | 7,244,000 | 11,705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 91,050,000 | 94,106,000 | 120,953,000 | 115,113,000 |