Call reports 2023
NORTHERN STATE BANK OF VIRGINIA — 2023
What NORTHERN STATE BANK OF VIRGINIA 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 | 91,189,000 | 100,161,000 | 101,291,000 | 102,327,000 |
| Total loans | 56,155,000 | 61,580,000 | 64,581,000 | 68,704,000 |
| Allowance for loan losses | 463,000 | 493,000 | 523,000 | 543,000 |
| Securities available for sale | 23,293,000 | 22,642,000 | 22,193,000 | 20,500,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,718,000 | 88,091,000 | 89,194,000 | 89,608,000 |
| Interest-bearing deposits | 64,040,000 | 69,853,000 | 73,147,000 | 74,987,000 |
| Noninterest-bearing deposits | 18,678,000 | 18,238,000 | 16,047,000 | 14,621,000 |
| Equity capital | 7,755,000 | 7,755,000 | 7,622,000 | 8,313,000 |
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 | 853,000 | 1,828,000 | 2,939,000 | 4,124,000 |
| Interest expense | 108,000 | 330,000 | 707,000 | 1,131,000 |
| Net interest income | 745,000 | 1,498,000 | 2,232,000 | 2,993,000 |
| Noninterest income | 41,000 | 84,000 | 131,000 | 202,000 |
| Noninterest expense | 713,000 | 1,436,000 | 2,199,000 | 2,970,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 110,000 |
| Pretax income | 43,000 | 86,000 | 74,000 | 115,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 43,000 | 86,000 | 74,000 | 115,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,666,000 | 8,755,000 | 8,786,000 | 8,871,000 |
| Total capital | 9,129,000 | 9,248,000 | 9,309,000 | 9,414,000 |
| Risk-weighted assets | 53,611,000 | 57,499,000 | 60,448,000 | 62,094,000 |