Call reports 2023
SHORE UNITED BANK, NATIONAL ASSOCIATION — 2023
What SHORE UNITED BANK, NATIONAL ASSOCIATION 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 | 3,555,604,000 | 3,639,919,000 | 5,699,569,000 | 6,004,356,000 |
| Total loans | 2,672,195,000 | 2,760,068,000 | 4,632,816,000 | 4,650,164,000 |
| Allowance for loan losses | 28,464,000 | 29,014,000 | 57,051,000 | 57,351,000 |
| Securities available for sale | 81,525,000 | 78,068,000 | 79,143,000 | 110,520,000 |
| Securities held to maturity | 549,096,000 | 537,133,000 | 523,177,000 | 513,282,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,003,931,000 | 2,949,462,000 | 5,115,900,000 | 5,395,779,000 |
| Interest-bearing deposits | 2,185,918,000 | 2,158,583,000 | 3,897,343,000 | 4,128,083,000 |
| Noninterest-bearing deposits | 818,013,000 | 790,879,000 | 1,218,557,000 | 1,267,696,000 |
| Equity capital | 392,397,000 | 391,302,000 | 562,788,000 | 570,100,000 |
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 | 35,062,000 | 71,695,000 | 142,942,000 | 214,079,000 |
| Interest expense | 8,642,000 | 22,005,000 | 46,169,000 | 74,318,000 |
| Net interest income | 26,420,000 | 49,690,000 | 96,773,000 | 139,761,000 |
| Noninterest income | 4,630,000 | 9,521,000 | 17,780,000 | 24,616,000 |
| Noninterest expense | 19,172,000 | 39,372,000 | 82,494,000 | 115,189,000 |
| Provision for loan losses | 1,050,000 | 1,650,000 | 29,623,000 | 30,423,000 |
| Pretax income | 10,682,000 | 17,962,000 | -341,000 | 16,123,000 |
| Income tax | 2,921,000 | 4,896,000 | 785,000 | 4,552,000 |
| Net income | 7,761,000 | 13,066,000 | -1,126,000 | 11,571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 332,186,000 | 331,926,000 | 462,558,000 | 470,200,000 |
| Total capital | 361,394,000 | 361,544,000 | 520,748,000 | 528,786,000 |
| Risk-weighted assets | 2,700,748,000 | 2,748,962,000 | 4,697,220,000 | 4,693,009,000 |