Call reports 2023
ESSEX BANK — 2023
What ESSEX 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 | 520,113,000 | 505,316,000 | 494,072,000 | 505,605,000 |
| Total loans | 326,936,000 | 331,636,000 | 334,907,000 | 331,020,000 |
| Allowance for loan losses | 2,788,000 | 2,833,000 | 2,878,000 | 2,950,000 |
| Securities available for sale | 68,071,000 | 67,230,000 | 67,217,000 | 68,675,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 450,685,000 | 435,316,000 | 423,689,000 | 433,550,000 |
| Interest-bearing deposits | 270,331,000 | 262,466,000 | 169,239,000 | 254,863,000 |
| Noninterest-bearing deposits | 180,354,000 | 172,850,000 | 254,450,000 | 178,687,000 |
| Equity capital | 57,909,000 | 58,576,000 | 59,892,000 | 62,416,000 |
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 | 4,842,000 | 9,716,000 | 14,618,000 | 19,573,000 |
| Interest expense | 133,000 | 379,000 | 765,000 | 1,326,000 |
| Net interest income | 4,709,000 | 9,337,000 | 13,853,000 | 18,247,000 |
| Noninterest income | 5,036,000 | 10,159,000 | 15,096,000 | 20,073,000 |
| Noninterest expense | 7,985,000 | 15,884,000 | 23,377,000 | 31,159,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 1,715,000 | 3,522,000 | 5,437,000 | 6,981,000 |
| Income tax | 425,000 | 890,000 | 1,417,000 | 1,805,000 |
| Net income | 1,290,000 | 2,632,000 | 4,020,000 | 5,176,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,887,000 | 52,229,000 | 53,617,000 | 54,870,000 |
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