Call reports 2023
1ST EQUITY BANK — 2023
What 1ST EQUITY 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 | 136,213,000 | 127,787,000 | 125,859,000 | 127,815,000 |
| Total loans | 100,169,000 | 96,271,000 | 93,845,000 | 94,399,000 |
| Allowance for loan losses | 1,637,000 | 1,637,000 | 1,637,000 | 1,487,000 |
| Securities available for sale | 139,000 | 135,000 | 133,000 | 128,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,842,000 | 99,994,000 | 97,606,000 | 99,608,000 |
| Interest-bearing deposits | 91,837,000 | 90,898,000 | 89,322,000 | 91,829,000 |
| Noninterest-bearing deposits | 12,005,000 | 9,096,000 | 8,284,000 | 7,779,000 |
| Equity capital | 24,821,000 | 20,327,000 | 20,826,000 | 20,898,000 |
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 | 1,938,000 | 4,065,000 | 6,132,000 | 8,283,000 |
| Interest expense | 516,000 | 1,256,000 | 2,106,000 | 3,051,000 |
| Net interest income | 1,422,000 | 2,809,000 | 4,026,000 | 5,232,000 |
| Noninterest income | 127,000 | 321,000 | 426,000 | 692,000 |
| Noninterest expense | 736,000 | 1,808,000 | 2,633,000 | 4,110,000 |
| Provision for loan losses | 0 | 0 | 0 | -150,000 |
| Pretax income | 813,000 | 1,322,000 | 1,819,000 | 1,964,000 |
| Income tax | 5,000 | 6,000 | 6,000 | -22,000 |
| Net income | 808,000 | 1,316,000 | 1,813,000 | 1,986,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,808,000 | 19,316,000 | 19,817,000 | 19,891,000 |
| Total capital | 25,008,000 | 20,482,000 | 20,964,000 | 21,044,000 |
| Risk-weighted assets | 95,541,000 | 92,774,000 | 91,231,000 | 91,895,000 |