Call reports 2023
SERVBANK, NATIONAL ASSOCIATION — 2023
What SERVBANK, NATIONAL ASSOCIATION 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 | 458,058,000 | 751,017,000 | 747,116,000 | 660,885,000 |
| Total loans | 89,240,000 | 112,642,000 | 125,508,000 | 150,979,000 |
| Allowance for loan losses | 958,000 | 972,000 | 1,298,000 | 1,660,000 |
| Securities available for sale | 264,264,000 | 316,683,000 | 312,378,000 | 251,892,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 386,563,000 | 325,964,000 | 456,657,000 | 378,347,000 |
| Interest-bearing deposits | 81,000,000 | 75,849,000 | 67,090,000 | 67,839,000 |
| Noninterest-bearing deposits | 305,563,000 | 250,115,000 | 389,567,000 | 310,508,000 |
| Equity capital | 70,306,000 | 96,117,000 | 110,133,000 | 120,363,000 |
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 | 5,010,000 | 12,527,000 | 20,922,000 | 29,966,000 |
| Interest expense | 479,000 | 993,000 | 1,491,000 | 2,009,000 |
| Net interest income | 4,531,000 | 11,534,000 | 19,431,000 | 27,957,000 |
| Noninterest income | 4,879,000 | 31,280,000 | 74,106,000 | 107,962,000 |
| Noninterest expense | 6,174,000 | 24,680,000 | 55,493,000 | 85,846,000 |
| Provision for loan losses | 0 | 0 | 300,000 | 650,000 |
| Pretax income | 3,236,000 | 18,134,000 | 37,744,000 | 49,383,000 |
| Income tax | 911,000 | 4,672,000 | 9,725,000 | 12,725,000 |
| Net income | 2,325,000 | 13,462,000 | 28,019,000 | 36,658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,963,000 | 88,680,000 | 103,276,000 | 111,955,000 |