Call reports 2023
FIRST COMMUNITY BANK OF EAST TENNESSEE — 2023
What FIRST COMMUNITY BANK OF EAST TENNESSEE 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 | 228,134,000 | 217,346,000 | 211,919,000 | 209,237,000 |
| Total loans | 143,805,000 | 145,990,000 | 145,296,000 | 148,827,000 |
| Allowance for loan losses | 1,821,000 | 1,824,000 | 1,827,000 | 1,830,000 |
| Securities available for sale | 19,625,000 | 19,220,000 | 17,730,000 | 18,117,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,156,000 | 188,711,000 | 182,272,000 | 180,630,000 |
| Interest-bearing deposits | 154,656,000 | 137,940,000 | 140,533,000 | 136,149,000 |
| Noninterest-bearing deposits | 45,500,000 | 50,770,000 | 41,739,000 | 44,481,000 |
| Equity capital | 21,598,000 | 21,256,000 | 21,672,000 | 20,882,000 |
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 | 2,309,000 | 4,913,000 | 7,341,000 | 9,904,000 |
| Interest expense | 171,000 | 522,000 | 961,000 | 1,474,000 |
| Net interest income | 2,138,000 | 4,391,000 | 6,380,000 | 8,430,000 |
| Noninterest income | 626,000 | 859,000 | 1,098,000 | 1,308,000 |
| Noninterest expense | 1,444,000 | 2,922,000 | 4,367,000 | 5,758,000 |
| Provision for loan losses | 13,000 | 13,000 | 13,000 | 14,000 |
| Pretax income | 1,307,000 | 2,360,000 | 3,155,000 | 4,020,000 |
| Income tax | 326,000 | 586,000 | 777,000 | 866,000 |
| Net income | 981,000 | 1,774,000 | 2,378,000 | 3,154,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,894,000 | 22,687,000 | 23,292,000 | 22,228,000 |