Call reports 2023
WELLINGTON STATE BANK — 2023
What WELLINGTON 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 | 561,220,000 | 562,371,000 | 561,515,000 | 568,880,000 |
| Total loans | 340,126,000 | 345,388,000 | 357,004,000 | 353,931,000 |
| Allowance for loan losses | 4,635,000 | 3,589,000 | 4,461,000 | 4,782,000 |
| Securities available for sale | 174,303,000 | 167,766,000 | 158,164,000 | 160,594,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 502,701,000 | 473,045,000 | 468,924,000 | 492,112,000 |
| Interest-bearing deposits | 331,795,000 | 311,837,000 | 321,371,000 | 341,284,000 |
| Noninterest-bearing deposits | 170,906,000 | 161,208,000 | 147,553,000 | 150,828,000 |
| Equity capital | 38,147,000 | 33,971,000 | 30,628,000 | 36,908,000 |
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 | 6,533,000 | 13,139,000 | 20,452,000 | 28,045,000 |
| Interest expense | 1,127,000 | 3,061,000 | 5,816,000 | 9,030,000 |
| Net interest income | 5,406,000 | 10,078,000 | 14,636,000 | 19,015,000 |
| Noninterest income | 637,000 | 1,215,000 | 1,831,000 | 2,447,000 |
| Noninterest expense | 4,019,000 | 7,693,000 | 11,719,000 | 15,923,000 |
| Provision for loan losses | 135,000 | 2,972,000 | 3,858,000 | 4,178,000 |
| Pretax income | 1,894,000 | 633,000 | 903,000 | 1,379,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,894,000 | 633,000 | 903,000 | 1,379,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,072,000 | 54,439,000 | 54,688,000 | 55,075,000 |
| Total capital | 60,707,000 | 58,028,000 | 59,149,000 | 59,857,000 |
| Risk-weighted assets | 409,807,000 | 397,642,000 | 416,958,000 | 428,671,000 |