Call reports 2023
BEACH CITIES COMMERCIAL BANK — 2023
What BEACH CITIES COMMERCIAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|
| Total assets | 34,938,000 | 39,274,000 | 47,957,000 |
| Total loans | 0 | 8,237,000 | 22,081,000 |
| Allowance for loan losses | 0 | 116,000 | 301,000 |
| Securities available for sale | 0 | 965,000 | 979,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 10,968,000 | 16,532,000 | 25,859,000 |
| Interest-bearing deposits | 7,634,000 | 15,813,000 | 19,186,000 |
| Noninterest-bearing deposits | 3,334,000 | 719,000 | 6,673,000 |
| Equity capital | 21,985,000 | 20,610,000 | 19,387,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|
| Interest income | 80,000 | 527,000 | 1,175,000 |
| Interest expense | 5,000 | 144,000 | 349,000 |
| Net interest income | 75,000 | 383,000 | 826,000 |
| Noninterest income | 0 | 0 | 2,000 |
| Noninterest expense | 1,638,000 | 3,317,000 | 4,870,000 |
| Provision for loan losses | 0 | 116,000 | 301,000 |
| Pretax income | -1,563,000 | -3,050,000 | -4,359,000 |
| Income tax | 0 | 0 | 1,000 |
| Net income | -1,563,000 | -3,050,000 | -4,360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|
| Tier 1 capital | 21,984,000 | 20,612,000 | 19,387,000 |