Call reports 2023
FEDERATION BANK — 2023
What FEDERATION 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 | 155,997,000 | 149,167,000 | 144,419,000 | 150,354,000 |
| Total loans | 70,410,000 | 71,648,000 | 72,228,000 | 69,856,000 |
| Allowance for loan losses | 1,289,000 | 1,261,000 | 1,257,000 | 1,254,000 |
| Securities available for sale | 64,216,000 | 61,287,000 | 58,588,000 | 59,998,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 139,781,000 | 133,661,000 | 129,350,000 | 133,480,000 |
| Interest-bearing deposits | 108,543,000 | 103,993,000 | 101,080,000 | 105,643,000 |
| Noninterest-bearing deposits | 31,238,000 | 29,668,000 | 28,270,000 | 27,837,000 |
| Equity capital | 9,692,000 | 9,323,000 | 8,631,000 | 10,759,000 |
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 | 1,291,000 | 2,609,000 | 3,977,000 | 5,423,000 |
| Interest expense | 143,000 | 324,000 | 547,000 | 809,000 |
| Net interest income | 1,148,000 | 2,285,000 | 3,430,000 | 4,614,000 |
| Noninterest income | 132,000 | 296,000 | 462,000 | 644,000 |
| Noninterest expense | 1,036,000 | 1,991,000 | 2,991,000 | 4,065,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 244,000 | 617,000 | 927,000 | 1,219,000 |
| Income tax | 12,000 | 27,000 | 42,000 | 55,000 |
| Net income | 232,000 | 590,000 | 885,000 | 1,164,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,766,000 | 13,799,000 | 13,788,000 | 14,003,000 |
| Total capital | 14,918,000 | 14,957,000 | — | — |
| Risk-weighted assets | 92,042,000 | 92,533,000 | — | — |