Call reports 2023
GERBER STATE BANK, THE — 2023
What GERBER STATE BANK, THE 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 | 93,385,000 | 88,384,000 | 87,371,000 | 92,680,000 |
| Total loans | 35,769,000 | 36,567,000 | 38,898,000 | 42,553,000 |
| Allowance for loan losses | 572,000 | 519,000 | 559,000 | 636,000 |
| Securities available for sale | 48,567,000 | 47,125,000 | 44,524,000 | 44,543,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,870,000 | 79,409,000 | 81,821,000 | 82,720,000 |
| Interest-bearing deposits | 69,681,000 | 64,457,000 | 68,758,000 | 71,398,000 |
| Noninterest-bearing deposits | 17,189,000 | 14,952,000 | 13,063,000 | 11,322,000 |
| Equity capital | 6,343,000 | 6,202,000 | 5,334,000 | 7,276,000 |
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 | 762,000 | 1,509,000 | 2,290,000 | 3,125,000 |
| Interest expense | 77,000 | 208,000 | 354,000 | 547,000 |
| Net interest income | 685,000 | 1,301,000 | 1,936,000 | 2,578,000 |
| Noninterest income | 50,000 | 107,000 | 165,000 | 249,000 |
| Noninterest expense | 474,000 | 936,000 | 1,440,000 | 1,911,000 |
| Provision for loan losses | 0 | -56,000 | -17,000 | 59,000 |
| Pretax income | 264,000 | 516,000 | 664,000 | 862,000 |
| Income tax | 8,000 | 8,000 | 8,000 | 8,000 |
| Net income | 256,000 | 508,000 | 656,000 | 854,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,089,000 | 11,241,000 | 11,355,000 | 11,552,000 |
| Total capital | 11,688,000 | 11,823,000 | 11,976,000 | 12,210,000 |
| Risk-weighted assets | 47,962,000 | 47,715,000 | 49,704,000 | 52,645,000 |