Call reports 2023
FIRST STATE BANK OF RED WING, THE — 2023
What FIRST STATE BANK OF RED WING, THE 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 | 80,399,000 | 80,171,000 | 78,146,000 | 81,434,000 |
| Total loans | 31,640,000 | 30,648,000 | 31,386,000 | 33,698,000 |
| Allowance for loan losses | 305,000 | 305,000 | 305,000 | 305,000 |
| Securities available for sale | 40,555,000 | 39,902,000 | 38,232,000 | 39,924,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,161,000 | 79,131,000 | 76,163,000 | 77,249,000 |
| Interest-bearing deposits | 65,396,000 | 64,560,000 | 62,544,000 | 63,583,000 |
| Noninterest-bearing deposits | 14,765,000 | 14,571,000 | 13,619,000 | 13,666,000 |
| Equity capital | -10,000 | -62,000 | -1,171,000 | 995,000 |
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 | 655,000 | 1,309,000 | 2,012,000 | 2,724,000 |
| Interest expense | 154,000 | 353,000 | 602,000 | 900,000 |
| Net interest income | 501,000 | 956,000 | 1,410,000 | 1,824,000 |
| Noninterest income | 25,000 | 50,000 | 80,000 | 118,000 |
| Noninterest expense | 551,000 | 967,000 | 1,387,000 | 1,869,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -31,000 | 32,000 | 93,000 | 67,000 |
| Income tax | -502,000 | -501,000 | -501,000 | -501,000 |
| Net income | 471,000 | 533,000 | 594,000 | 568,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,931,000 | 7,993,000 | 8,054,000 | 8,028,000 |
| Total capital | 8,236,000 | 8,298,000 | 8,359,000 | 8,333,000 |
| Risk-weighted assets | 38,412,000 | 37,522,000 | 37,777,000 | 39,908,000 |