Call reports 2023
STATE BANK OF DANVERS — 2023
What STATE BANK OF DANVERS 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 | 67,521,000 | 63,577,000 | 66,309,000 | 60,839,000 |
| Total loans | 16,720,000 | 18,599,000 | 18,993,000 | 34,208,000 |
| Allowance for loan losses | 493,000 | 493,000 | 10,000 | 113,000 |
| Securities available for sale | 31,908,000 | 31,019,000 | 11,204,000 | 11,433,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,866,000 | 56,140,000 | 57,460,000 | 51,505,000 |
| Interest-bearing deposits | 48,319,000 | 44,695,000 | 40,530,000 | 39,884,000 |
| Noninterest-bearing deposits | 13,547,000 | 11,445,000 | 16,930,000 | 11,621,000 |
| Equity capital | 4,978,000 | 4,689,000 | 8,644,000 | 9,073,000 |
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 | 485,000 | 1,015,000 | 356,000 | 1,163,000 |
| Interest expense | 140,000 | 322,000 | 74,000 | 247,000 |
| Net interest income | 345,000 | 693,000 | 282,000 | 916,000 |
| Noninterest income | 46,000 | 70,000 | 5,000 | 47,000 |
| Noninterest expense | 214,000 | 461,000 | 113,000 | 406,000 |
| Provision for loan losses | 0 | 0 | 10,000 | 115,000 |
| Pretax income | 183,000 | 313,000 | 159,000 | 438,000 |
| Income tax | 1,000 | 28,000 | 0 | 30,000 |
| Net income | 182,000 | 285,000 | 159,000 | 408,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,752,000 | 6,729,000 | 5,496,000 | 5,783,000 |
| Total capital | 7,125,000 | 7,117,000 | 5,506,000 | 5,896,000 |
| Risk-weighted assets | 29,681,000 | 30,937,000 | 28,072,000 | 39,447,000 |