Call reports 2023
GATE CITY BANK — 2023
What GATE CITY 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 | 3,406,665,000 | 3,438,793,000 | 3,468,906,000 | 3,495,339,000 |
| Total loans | 2,748,000,000 | 2,807,223,000 | 2,852,760,000 | 2,864,655,000 |
| Allowance for loan losses | 18,509,000 | 18,265,000 | 18,012,000 | 18,325,000 |
| Securities available for sale | 436,657,000 | 398,000,000 | 366,607,000 | 354,987,000 |
| Securities held to maturity | 4,397,000 | 4,350,000 | 4,303,000 | 4,255,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,905,020,000 | 2,867,250,000 | 2,942,461,000 | 2,940,407,000 |
| Interest-bearing deposits | 2,489,051,000 | 2,443,666,000 | 2,505,350,000 | 2,504,800,000 |
| Noninterest-bearing deposits | 415,969,000 | 423,584,000 | 437,111,000 | 435,607,000 |
| Equity capital | 300,571,000 | 302,142,000 | 298,858,000 | 311,745,000 |
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 | 28,969,000 | 59,741,000 | 92,071,000 | 125,933,000 |
| Interest expense | 5,640,000 | 12,885,000 | 21,768,000 | 32,258,000 |
| Net interest income | 23,329,000 | 46,856,000 | 70,303,000 | 93,675,000 |
| Noninterest income | 14,323,000 | 31,454,000 | 48,671,000 | 65,927,000 |
| Noninterest expense | 33,357,000 | 67,159,000 | 102,063,000 | 138,441,000 |
| Provision for loan losses | 372,000 | 671,000 | 1,263,000 | 2,657,000 |
| Pretax income | 3,933,000 | 10,433,000 | 15,936,000 | 18,792,000 |
| Income tax | 996,000 | 2,634,000 | 4,029,000 | 4,729,000 |
| Net income | 2,937,000 | 7,799,000 | 11,907,000 | 14,063,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 332,350,000 | 337,212,000 | 341,320,000 | 343,475,000 |