Call reports 2023
TANDEM BANK — 2023
What TANDEM 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 | 180,292,000 | 182,746,000 | 204,296,000 | 216,993,000 |
| Total loans | 133,544,000 | 147,190,000 | 153,309,000 | 170,133,000 |
| Allowance for loan losses | 1,876,000 | 2,035,000 | 2,110,000 | 2,448,000 |
| Securities available for sale | 25,494,000 | 24,930,000 | 24,462,000 | 24,601,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,886,000 | 140,282,000 | 160,933,000 | 174,633,000 |
| Interest-bearing deposits | 70,782,000 | 75,190,000 | 100,735,000 | 117,340,000 |
| Noninterest-bearing deposits | 78,104,000 | 65,092,000 | 60,198,000 | 57,293,000 |
| Equity capital | 19,828,000 | 20,863,000 | 21,101,000 | 22,084,000 |
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 | 2,279,000 | 4,900,000 | 7,897,000 | 11,199,000 |
| Interest expense | 288,000 | 890,000 | 1,904,000 | 3,129,000 |
| Net interest income | 1,991,000 | 4,010,000 | 5,993,000 | 8,070,000 |
| Noninterest income | 582,000 | 1,274,000 | 1,973,000 | 3,338,000 |
| Noninterest expense | 1,926,000 | 3,967,000 | 5,990,000 | 8,290,000 |
| Provision for loan losses | 140,000 | 299,000 | 396,000 | 734,000 |
| Pretax income | 528,000 | 1,091,000 | 1,571,000 | 2,157,000 |
| Income tax | 21,000 | -653,000 | -526,000 | -404,000 |
| Net income | 507,000 | 1,744,000 | 2,097,000 | 2,561,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,548,000 | 22,353,000 | 22,652,000 | 22,978,000 |
| Total capital | 23,295,000 | 24,286,000 | 24,726,000 | 25,245,000 |
| Risk-weighted assets | 139,606,000 | 153,807,000 | 165,883,000 | 180,953,000 |