Call reports 2023
BERKSHIRE BANK — 2023
What BERKSHIRE 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 | 12,314,668,000 | 12,084,568,000 | 12,133,376,000 | 12,425,425,000 |
| Total loans | 8,683,874,000 | 8,891,110,000 | 8,986,719,000 | 9,041,923,000 |
| Allowance for loan losses | 97,991,000 | 100,219,000 | 102,792,000 | 105,357,000 |
| Securities available for sale | 1,407,271,000 | 1,340,331,000 | 1,260,390,000 | 1,022,285,000 |
| Securities held to maturity | 574,606,000 | 563,765,000 | 552,982,000 | 543,351,000 |
| Trading assets | 45,918,000 | 58,360,000 | 70,218,000 | 50,090,000 |
| Total deposits | 10,178,767,000 | 10,162,643,000 | 10,086,155,000 | 10,736,701,000 |
| Interest-bearing deposits | 7,416,434,000 | 7,473,705,000 | 7,449,926,000 | 8,164,035,000 |
| Noninterest-bearing deposits | 2,762,333,000 | 2,688,938,000 | 2,636,229,000 | 2,572,666,000 |
| Equity capital | 1,002,851,000 | 997,708,000 | 964,361,000 | 1,029,883,000 |
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 | 132,306,000 | 277,718,000 | 425,730,000 | 576,249,000 |
| Interest expense | 32,956,000 | 83,773,000 | 139,579,000 | 199,804,000 |
| Net interest income | 99,350,000 | 193,945,000 | 286,151,000 | 376,445,000 |
| Noninterest income | 16,090,000 | 32,926,000 | 50,634,000 | 66,352,000 |
| Noninterest expense | 71,562,000 | 144,644,000 | 219,993,000 | 297,991,000 |
| Provision for loan losses | 9,019,000 | 17,019,000 | 25,021,000 | 32,021,000 |
| Pretax income | 34,998,000 | 65,143,000 | 90,865,000 | 87,257,000 |
| Income tax | 6,028,000 | 10,592,000 | 14,979,000 | 11,113,000 |
| Net income | 28,970,000 | 54,551,000 | 75,886,000 | 76,144,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,153,057,000 | 1,176,074,000 | 1,175,801,000 | 1,167,282,000 |
| Total capital | 1,245,798,000 | 1,271,046,000 | 1,273,654,000 | 1,268,037,000 |
| Risk-weighted assets | 9,443,741,000 | 9,515,101,000 | 9,585,348,000 | 9,543,786,000 |