Call reports 2023
SALEM FIVE CENTS SAVINGS BANK — 2023
What SALEM FIVE CENTS SAVINGS 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 | 6,699,454,000 | 6,963,620,000 | 7,117,552,000 | 7,291,012,000 |
| Total loans | 4,848,655,000 | 5,080,582,000 | 5,217,948,000 | 5,394,337,000 |
| Allowance for loan losses | 63,606,000 | 60,039,000 | 62,244,000 | 63,405,000 |
| Securities available for sale | 431,035,000 | 425,357,000 | 416,860,000 | 429,339,000 |
| Securities held to maturity | 1,072,473,000 | 1,064,286,000 | 1,103,886,000 | 1,123,910,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,024,963,000 | 4,975,516,000 | 5,077,992,000 | 5,127,868,000 |
| Interest-bearing deposits | 3,988,229,000 | 4,024,369,000 | 4,048,859,000 | 4,089,078,000 |
| Noninterest-bearing deposits | 1,036,734,000 | 951,147,000 | 1,029,133,000 | 1,038,790,000 |
| Equity capital | 769,175,000 | 790,273,000 | 805,337,000 | 821,150,000 |
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 | 67,027,000 | 138,619,000 | 216,351,000 | 298,623,000 |
| Interest expense | 21,249,000 | 50,624,000 | 87,009,000 | 127,866,000 |
| Net interest income | 45,778,000 | 87,995,000 | 129,342,000 | 170,757,000 |
| Noninterest income | 11,502,000 | 22,603,000 | 34,545,000 | 48,050,000 |
| Noninterest expense | 33,358,000 | 65,497,000 | 100,753,000 | 133,432,000 |
| Provision for loan losses | 1,200,000 | 2,400,000 | 3,600,000 | 4,800,000 |
| Pretax income | 25,929,000 | 49,730,000 | 64,061,000 | 85,108,000 |
| Income tax | 6,742,000 | 12,931,000 | 16,338,000 | 21,703,000 |
| Net income | 19,187,000 | 36,799,000 | 47,723,000 | 63,405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 732,210,000 | 750,482,000 | 750,080,000 | 767,501,000 |
| Total capital | 797,030,000 | 816,552,000 | 818,355,000 | 836,937,000 |
| Risk-weighted assets | 5,180,461,000 | 5,411,614,000 | 5,512,530,000 | 5,590,923,000 |