Call reports 2023
COGENT BANK — 2023
What COGENT 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 | 1,538,971,000 | 1,610,270,000 | 1,679,641,000 | 1,762,087,000 |
| Total loans | 1,272,481,000 | 1,329,696,000 | 1,377,545,000 | 1,421,338,000 |
| Allowance for loan losses | 14,698,000 | 15,178,000 | 15,655,000 | 16,208,000 |
| Securities available for sale | 214,890,000 | 222,571,000 | 239,016,000 | 262,703,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,348,770,000 | 1,453,920,000 | 1,522,910,000 | 1,572,200,000 |
| Interest-bearing deposits | 882,794,000 | 1,027,634,000 | 1,089,074,000 | 1,141,044,000 |
| Noninterest-bearing deposits | 465,976,000 | 426,286,000 | 433,836,000 | 431,156,000 |
| Equity capital | 125,316,000 | 131,126,000 | 134,330,000 | 139,100,000 |
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 | 21,971,000 | 46,101,000 | 72,164,000 | 100,532,000 |
| Interest expense | 5,668,000 | 13,558,000 | 23,436,000 | 34,684,000 |
| Net interest income | 16,303,000 | 32,543,000 | 48,728,000 | 65,848,000 |
| Noninterest income | 1,350,000 | 2,947,000 | 4,141,000 | 5,328,000 |
| Noninterest expense | 9,913,000 | 20,249,000 | 31,170,000 | 40,465,000 |
| Provision for loan losses | 661,000 | 1,145,000 | 1,730,000 | 8,530,000 |
| Pretax income | 7,079,000 | 14,096,000 | 19,969,000 | 22,181,000 |
| Income tax | 1,615,000 | 3,374,000 | 4,770,000 | 5,418,000 |
| Net income | 5,464,000 | 10,722,000 | 15,199,000 | 16,763,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 129,885,000 | 135,268,000 | 139,825,000 | 141,427,000 |
| Total capital | 145,602,000 | 151,466,000 | 156,179,000 | 158,655,000 |
| Risk-weighted assets | 1,263,206,000 | 1,308,043,000 | 1,308,033,000 | 1,433,526,000 |