Call reports 2023
SWEET WATER STATE BANK — 2023
What SWEET WATER STATE 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 | 116,595,000 | 114,523,000 | 115,863,000 | 122,338,000 |
| Total loans | 60,123,000 | 63,147,000 | 64,691,000 | 69,168,000 |
| Allowance for loan losses | 892,000 | 775,000 | 799,000 | 859,000 |
| Securities available for sale | 21,769,000 | 21,333,000 | 24,083,000 | 26,007,000 |
| Securities held to maturity | 16,164,000 | 4,750,000 | 2,787,000 | 2,804,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,449,000 | 101,963,000 | 103,432,000 | 108,454,000 |
| Interest-bearing deposits | 65,841,000 | 64,681,000 | 66,797,000 | 73,058,000 |
| Noninterest-bearing deposits | 38,608,000 | 37,282,000 | 36,635,000 | 35,396,000 |
| Equity capital | 9,857,000 | 10,203,000 | 9,866,000 | 11,440,000 |
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 | 1,618,000 | 3,304,000 | 5,171,000 | 7,176,000 |
| Interest expense | 127,000 | 324,000 | 585,000 | 904,000 |
| Net interest income | 1,491,000 | 2,980,000 | 4,586,000 | 6,272,000 |
| Noninterest income | 153,000 | 230,000 | 419,000 | 402,000 |
| Noninterest expense | 972,000 | 1,973,000 | 3,086,000 | 4,093,000 |
| Provision for loan losses | 25,000 | 105,000 | 290,000 | 540,000 |
| Pretax income | 647,000 | 1,132,000 | 1,629,000 | 2,041,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 647,000 | 1,132,000 | 1,629,000 | 2,041,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,298,000 | 12,745,000 | 13,231,000 | 13,528,000 |