Call reports 2023
KITSAP BANK — 2023
What KITSAP 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 | 1,648,214,000 | 1,633,257,000 | 1,634,405,000 | 1,647,932,000 |
| Total loans | 798,582,000 | 809,160,000 | 821,307,000 | 836,187,000 |
| Allowance for loan losses | 9,269,000 | 10,000,000 | 9,980,000 | 9,983,000 |
| Securities available for sale | 628,747,000 | 600,585,000 | 578,198,000 | 584,053,000 |
| Securities held to maturity | 42,664,000 | 42,275,000 | 41,932,000 | 41,342,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,487,069,000 | 1,452,534,000 | 1,437,982,000 | 1,381,653,000 |
| Interest-bearing deposits | 1,004,735,000 | 986,765,000 | 974,723,000 | 946,645,000 |
| Noninterest-bearing deposits | 482,334,000 | 465,769,000 | 463,259,000 | 435,008,000 |
| Equity capital | 129,558,000 | 131,146,000 | 121,675,000 | 143,821,000 |
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 | 15,232,000 | 31,410,000 | 47,797,000 | 64,609,000 |
| Interest expense | 1,844,000 | 4,737,000 | 7,907,000 | 11,882,000 |
| Net interest income | 13,388,000 | 26,673,000 | 39,890,000 | 52,727,000 |
| Noninterest income | 2,491,000 | 4,978,000 | 7,410,000 | 10,339,000 |
| Noninterest expense | 11,334,000 | 22,497,000 | 33,970,000 | 46,456,000 |
| Provision for loan losses | 0 | 738,000 | 738,000 | 738,000 |
| Pretax income | 4,521,000 | 7,417,000 | 11,593,000 | 13,970,000 |
| Income tax | 751,000 | -1,943,000 | -1,254,000 | -2,247,000 |
| Net income | 3,770,000 | 9,360,000 | 12,847,000 | 16,217,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 178,825,000 | 183,113,000 | 185,158,000 | 186,757,000 |
| Total capital | 188,706,000 | 193,537,000 | 195,562,000 | 197,164,000 |
| Risk-weighted assets | 1,088,878,000 | 1,120,380,000 | 1,150,020,000 | 1,150,882,000 |