Call reports 2023
ULSTER SAVINGS BANK — 2023
What ULSTER SAVINGS 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 | 1,264,530,000 | 1,294,562,000 | 1,303,390,000 | 1,317,106,000 |
| Total loans | 959,043,000 | 992,849,000 | 1,009,052,000 | 1,019,384,000 |
| Allowance for loan losses | 10,919,000 | 11,042,000 | 11,483,000 | 11,553,000 |
| Securities available for sale | 186,638,000 | 180,133,000 | 171,027,000 | 175,163,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,059,741,000 | 1,085,391,000 | 1,075,734,000 | 1,091,370,000 |
| Interest-bearing deposits | 865,621,000 | 888,224,000 | 870,846,000 | 896,757,000 |
| Noninterest-bearing deposits | 194,120,000 | 197,167,000 | 204,888,000 | 194,613,000 |
| Equity capital | 102,232,000 | 101,141,000 | 97,691,000 | 105,317,000 |
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 | 11,580,000 | 23,974,000 | 36,875,000 | 50,331,000 |
| Interest expense | 2,420,000 | 5,831,000 | 10,041,000 | 15,080,000 |
| Net interest income | 9,160,000 | 18,143,000 | 26,834,000 | 35,251,000 |
| Noninterest income | 3,429,000 | 6,945,000 | 10,493,000 | 13,508,000 |
| Noninterest expense | 10,499,000 | 21,387,000 | 32,166,000 | 42,397,000 |
| Provision for loan losses | -200,000 | -9,000 | 517,000 | 652,000 |
| Pretax income | 2,480,000 | 3,903,000 | 5,023,000 | 5,999,000 |
| Income tax | 491,000 | 756,000 | 959,000 | 918,000 |
| Net income | 1,989,000 | 3,147,000 | 4,064,000 | 5,081,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 121,705,000 | 122,861,000 | 123,778,000 | 124,609,000 |
| Total capital | 133,187,000 | 134,678,000 | 135,724,000 | 136,622,000 |
| Risk-weighted assets | 917,973,000 | 945,017,000 | 955,148,000 | 960,481,000 |