Call reports 2023
FINANCE FACTORS, LIMITED — 2023
What FINANCE FACTORS, LIMITED 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 | 628,283,000 | 636,950,000 | 667,048,000 | 674,138,000 |
| Total loans | 446,111,000 | 458,129,000 | 484,233,000 | 486,742,000 |
| Allowance for loan losses | 11,803,000 | 11,618,000 | 11,748,000 | 11,686,000 |
| Securities available for sale | 82,592,000 | 86,270,000 | 86,925,000 | 90,394,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 14,660,000 | 15,945,000 | 15,433,000 | 17,234,000 |
| Total deposits | 487,517,000 | 505,828,000 | 520,988,000 | 542,053,000 |
| Interest-bearing deposits | 487,037,000 | 504,830,000 | 520,525,000 | 541,010,000 |
| Noninterest-bearing deposits | 480,000 | 998,000 | 462,000 | 1,044,000 |
| Equity capital | 68,933,000 | 69,234,000 | 68,012,000 | 70,424,000 |
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 | 6,708,000 | 14,220,000 | 22,435,000 | 30,992,000 |
| Interest expense | 2,387,000 | 5,552,000 | 9,551,000 | 14,216,000 |
| Net interest income | 4,321,000 | 8,668,000 | 12,884,000 | 16,776,000 |
| Noninterest income | 1,235,000 | 2,733,000 | 2,487,000 | 3,963,000 |
| Noninterest expense | 4,265,000 | 8,683,000 | 13,183,000 | 17,323,000 |
| Provision for loan losses | -682,000 | -887,000 | -775,000 | -782,000 |
| Pretax income | 1,291,000 | 2,718,000 | 2,188,000 | 3,416,000 |
| Income tax | 303,000 | 643,000 | 433,000 | 692,000 |
| Net income | 988,000 | 2,075,000 | 1,755,000 | 2,724,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,948,000 | 75,035,000 | 74,166,000 | 74,633,000 |
| Total capital | 79,805,000 | 81,029,000 | 80,384,000 | 80,954,000 |
| Risk-weighted assets | 461,875,000 | 472,901,000 | 490,892,000 | 499,292,000 |