Call reports 2023
PORTAGE COMMUNITY BANK — 2023
What PORTAGE COMMUNITY 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 | 485,623,000 | 486,367,000 | 492,785,000 | 500,602,000 |
| Total loans | 331,090,000 | 341,219,000 | 347,596,000 | 360,778,000 |
| Allowance for loan losses | 2,971,000 | 3,027,000 | 3,120,000 | 3,231,000 |
| Securities available for sale | 113,037,000 | 108,977,000 | 104,174,000 | 103,829,000 |
| Securities held to maturity | 3,100,000 | 3,100,000 | 3,100,000 | 3,100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 427,231,000 | 427,974,000 | 438,452,000 | 434,815,000 |
| Interest-bearing deposits | 327,683,000 | 326,161,000 | 332,252,000 | 337,820,000 |
| Noninterest-bearing deposits | 99,548,000 | 101,813,000 | 106,200,000 | 96,995,000 |
| Equity capital | 41,234,000 | 40,918,000 | 40,457,000 | 43,654,000 |
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 | 4,645,000 | 9,528,000 | 14,888,000 | 20,300,000 |
| Interest expense | 1,070,000 | 2,390,000 | 4,106,000 | 6,058,000 |
| Net interest income | 3,575,000 | 7,138,000 | 10,782,000 | 14,242,000 |
| Noninterest income | 440,000 | 969,000 | 1,540,000 | 2,095,000 |
| Noninterest expense | 2,883,000 | 5,874,000 | 8,888,000 | 11,852,000 |
| Provision for loan losses | 0 | 51,000 | 139,000 | 239,000 |
| Pretax income | 1,132,000 | 2,182,000 | 3,295,000 | 4,246,000 |
| Income tax | 195,000 | 370,000 | 562,000 | 738,000 |
| Net income | 937,000 | 1,812,000 | 2,733,000 | 3,508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,341,000 | 51,568,000 | 52,489,000 | 53,264,000 |
| Total capital | 54,312,000 | 54,700,000 | 55,713,000 | 56,602,000 |
| Risk-weighted assets | 341,296,000 | 346,404,000 | 351,026,000 | 362,285,000 |