Call reports 2023
NORTHWEST BANK OF ROCKFORD — 2023
What NORTHWEST BANK OF ROCKFORD 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 | 383,558,000 | 384,838,000 | 397,857,000 | 423,479,000 |
| Total loans | 276,077,000 | 282,846,000 | 292,606,000 | 309,563,000 |
| Allowance for loan losses | 4,083,000 | 4,120,000 | 4,090,000 | 4,751,000 |
| Securities available for sale | 70,153,000 | 68,819,000 | 65,971,000 | 71,993,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 341,180,000 | 331,348,000 | 341,948,000 | 358,175,000 |
| Interest-bearing deposits | 258,288,000 | 250,112,000 | 268,931,000 | 266,831,000 |
| Noninterest-bearing deposits | 82,891,000 | 81,236,000 | 73,017,000 | 91,344,000 |
| Equity capital | 29,560,000 | 30,272,000 | 30,159,000 | 32,735,000 |
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 | 4,389,000 | 9,259,000 | 14,499,000 | 20,234,000 |
| Interest expense | 835,000 | 2,103,000 | 3,740,000 | 5,731,000 |
| Net interest income | 3,554,000 | 7,156,000 | 10,759,000 | 14,503,000 |
| Noninterest income | 815,000 | 1,466,000 | 2,475,000 | 3,539,000 |
| Noninterest expense | 2,602,000 | 5,246,000 | 7,955,000 | 10,526,000 |
| Provision for loan losses | 188,000 | 236,000 | 211,000 | 394,000 |
| Pretax income | 1,563,000 | 3,124,000 | 5,007,000 | 7,032,000 |
| Income tax | 393,000 | 799,000 | 1,291,000 | 1,829,000 |
| Net income | 1,170,000 | 2,325,000 | 3,716,000 | 5,203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,886,000 | 37,844,000 | 38,984,000 | 39,422,000 |