Call reports 2023
BANK OF OCEAN CITY — 2023
What BANK OF OCEAN CITY 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 | 585,919,000 | 629,468,000 | 654,194,000 | 621,927,000 |
| Total loans | 375,553,000 | 396,224,000 | 398,857,000 | 412,539,000 |
| Allowance for loan losses | 2,678,000 | 2,680,000 | 2,674,000 | 2,760,000 |
| Securities available for sale | 13,926,000 | 13,462,000 | 12,870,000 | 13,009,000 |
| Securities held to maturity | 165,353,000 | 164,196,000 | 197,668,000 | 166,338,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 517,392,000 | 570,544,000 | 593,202,000 | 554,155,000 |
| Interest-bearing deposits | 340,884,000 | 369,758,000 | 373,938,000 | 364,499,000 |
| Noninterest-bearing deposits | 176,508,000 | 200,786,000 | 219,264,000 | 189,656,000 |
| Equity capital | 56,125,000 | 57,337,000 | 59,061,000 | 60,204,000 |
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 | 5,141,000 | 10,622,000 | 17,053,000 | 23,360,000 |
| Interest expense | 944,000 | 2,362,000 | 4,141,000 | 6,275,000 |
| Net interest income | 4,197,000 | 8,260,000 | 12,912,000 | 17,085,000 |
| Noninterest income | 307,000 | 627,000 | 940,000 | 1,211,000 |
| Noninterest expense | 2,143,000 | 4,417,000 | 6,683,000 | 9,225,000 |
| Provision for loan losses | 94,000 | 94,000 | 94,000 | 181,000 |
| Pretax income | 2,267,000 | 4,376,000 | 6,923,000 | 8,721,000 |
| Income tax | 565,000 | 1,090,000 | 1,695,000 | 2,062,000 |
| Net income | 1,702,000 | 3,286,000 | 5,228,000 | 6,659,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,264,000 | 59,566,000 | 61,507,000 | 62,325,000 |
| Total capital | 60,942,000 | 62,246,000 | 64,333,000 | 65,252,000 |
| Risk-weighted assets | 412,725,000 | 426,656,000 | 438,340,000 | 446,747,000 |