Call reports 2023
PREVAIL BANK — 2023
What PREVAIL 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 | 924,296,000 | 933,096,000 | 945,308,000 | 958,078,000 |
| Total loans | 586,801,000 | 614,536,000 | 623,626,000 | 665,220,000 |
| Allowance for loan losses | 5,720,000 | 5,856,000 | 5,996,000 | 6,244,000 |
| Securities available for sale | 214,389,000 | 203,816,000 | 192,994,000 | 193,430,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 686,370,000 | 684,561,000 | 715,805,000 | 719,331,000 |
| Interest-bearing deposits | 611,231,000 | 608,650,000 | 643,339,000 | 650,262,000 |
| Noninterest-bearing deposits | 75,139,000 | 75,911,000 | 72,466,000 | 69,069,000 |
| Equity capital | 135,660,000 | 134,938,000 | 115,412,000 | 123,548,000 |
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 | 7,172,000 | 14,758,000 | 23,058,000 | 32,134,000 |
| Interest expense | 2,497,000 | 5,563,000 | 9,275,000 | 14,008,000 |
| Net interest income | 4,675,000 | 9,195,000 | 13,783,000 | 18,126,000 |
| Noninterest income | 429,000 | 1,454,000 | 2,020,000 | 2,524,000 |
| Noninterest expense | 4,732,000 | 9,519,000 | 26,943,000 | 31,670,000 |
| Provision for loan losses | 23,000 | 160,000 | 303,000 | 576,000 |
| Pretax income | -46,000 | 335,000 | -12,115,000 | -12,163,000 |
| Income tax | -159,000 | -200,000 | 1,429,000 | 1,319,000 |
| Net income | 113,000 | 535,000 | -13,544,000 | -13,482,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,534,000 | 123,003,000 | 121,844,000 | 121,953,000 |
| Total capital | 128,411,000 | 129,059,000 | 128,077,000 | 128,341,000 |
| Risk-weighted assets | 561,010,000 | 588,851,000 | 602,535,000 | 642,256,000 |