Call reports 2023
UTAH INDEPENDENT BANK — 2023
What UTAH INDEPENDENT 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 | 131,103,000 | 133,221,000 | 135,085,000 | 131,706,000 |
| Total loans | 78,255,000 | 78,504,000 | 77,900,000 | 80,855,000 |
| Allowance for loan losses | 1,049,000 | 1,109,000 | 1,135,000 | 1,118,000 |
| Securities available for sale | 24,631,000 | 23,675,000 | 23,924,000 | 24,294,000 |
| Securities held to maturity | 990,000 | 843,000 | 792,000 | 554,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,155,000 | 114,384,000 | 114,879,000 | 112,532,000 |
| Interest-bearing deposits | 69,925,000 | 70,077,000 | 71,150,000 | 72,912,000 |
| Noninterest-bearing deposits | 43,230,000 | 44,307,000 | 43,729,000 | 39,620,000 |
| Equity capital | 16,364,000 | 17,213,000 | 18,559,000 | 17,498,000 |
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 | 1,954,000 | 4,006,000 | 6,312,000 | 8,723,000 |
| Interest expense | 92,000 | 312,000 | 596,000 | 973,000 |
| Net interest income | 1,862,000 | 3,694,000 | 5,716,000 | 7,750,000 |
| Noninterest income | 163,000 | 338,000 | 505,000 | 678,000 |
| Noninterest expense | 883,000 | 1,790,000 | 2,612,000 | 3,966,000 |
| Provision for loan losses | 0 | 25,000 | 50,000 | 75,000 |
| Pretax income | 1,142,000 | 2,030,000 | 3,372,000 | 4,001,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,142,000 | 2,030,000 | 3,372,000 | 4,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,652,000 | 19,591,000 | 20,932,000 | 19,546,000 |