Call reports 2023
WATERMAN BANK — 2023
What WATERMAN 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 | 115,802,000 | 156,069,000 | 153,565,000 | 143,235,000 |
| Total loans | 84,732,000 | 94,933,000 | 102,709,000 | 95,954,000 |
| Allowance for loan losses | 372,000 | 402,000 | 432,000 | 502,000 |
| Securities available for sale | 3,641,000 | 30,698,000 | 27,603,000 | 24,957,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,859,000 | 131,543,000 | 128,683,000 | 117,774,000 |
| Interest-bearing deposits | 85,786,000 | 114,720,000 | 114,737,000 | 106,479,000 |
| Noninterest-bearing deposits | 11,073,000 | 16,823,000 | 13,946,000 | 11,295,000 |
| Equity capital | 16,859,000 | 22,223,000 | 22,514,000 | 22,978,000 |
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 | 1,844,000 | 4,333,000 | 6,786,000 | 10,190,000 |
| Interest expense | 507,000 | 1,149,000 | 1,867,000 | 2,704,000 |
| Net interest income | 1,337,000 | 3,184,000 | 4,919,000 | 7,486,000 |
| Noninterest income | 481,000 | 908,000 | 961,000 | 1,030,000 |
| Noninterest expense | 1,213,000 | 2,772,000 | 4,266,000 | 6,146,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 160,000 |
| Pretax income | 575,000 | 1,260,000 | 1,524,000 | 2,210,000 |
| Income tax | 175,000 | 384,000 | 465,000 | 717,000 |
| Net income | 400,000 | 876,000 | 1,059,000 | 1,493,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,376,000 | 18,319,000 | 18,515,000 | 19,037,000 |
| Total capital | 16,748,000 | 18,721,000 | 18,947,000 | 19,539,000 |
| Risk-weighted assets | 79,350,000 | 87,779,000 | 95,425,000 | 103,358,000 |
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