Call reports 2023
READING CO-OPERATIVE BANK — 2023
What READING CO-OPERATIVE 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 | 827,876,000 | 858,404,000 | 880,255,000 | 907,162,000 |
| Total loans | 619,312,000 | 650,932,000 | 682,917,000 | 700,495,000 |
| Allowance for loan losses | 4,665,000 | 4,865,000 | 4,823,000 | 4,820,000 |
| Securities available for sale | 153,715,000 | 152,400,000 | 144,056,000 | 152,661,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 736,068,000 | 700,952,000 | 780,396,000 | 687,407,000 |
| Interest-bearing deposits | 563,655,000 | 533,582,000 | 612,007,000 | 534,801,000 |
| Noninterest-bearing deposits | 172,413,000 | 167,370,000 | 168,389,000 | 152,606,000 |
| Equity capital | 53,420,000 | 51,661,000 | 45,877,000 | 53,509,000 |
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 | 8,260,000 | 17,228,000 | 26,927,000 | 37,317,000 |
| Interest expense | 2,536,000 | 5,996,000 | 10,457,000 | 15,504,000 |
| Net interest income | 5,724,000 | 11,232,000 | 16,470,000 | 21,813,000 |
| Noninterest income | 462,000 | 969,000 | 1,417,000 | 1,863,000 |
| Noninterest expense | 5,685,000 | 11,178,000 | 16,649,000 | 22,101,000 |
| Provision for loan losses | 125,000 | 375,000 | 360,000 | 535,000 |
| Pretax income | 376,000 | 648,000 | 878,000 | 977,000 |
| Income tax | -50,000 | -107,000 | -175,000 | -174,000 |
| Net income | 426,000 | 755,000 | 1,053,000 | 1,151,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,049,000 | 68,200,000 | 68,526,000 | 68,652,000 |
| Total capital | 72,714,000 | 73,065,000 | 73,349,000 | 73,878,000 |
| Risk-weighted assets | 528,664,000 | 546,475,000 | 567,503,000 | 576,641,000 |