Call reports 2023
1ST SECURITY BANK OF WASHINGTON — 2023
What 1ST SECURITY BANK OF WASHINGTON 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 | 2,782,772,000 | 2,905,481,000 | 2,919,993,000 | 2,972,308,000 |
| Total loans | 2,352,976,000 | 2,389,580,000 | 2,424,815,000 | 2,458,789,000 |
| Allowance for loan losses | 29,937,000 | 30,350,000 | 30,501,000 | 31,534,000 |
| Securities available for sale | 232,373,000 | 225,869,000 | 251,917,000 | 292,933,000 |
| Securities held to maturity | 8,500,000 | 8,500,000 | 8,500,000 | 8,500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,463,230,000 | 2,383,973,000 | 2,475,894,000 | 2,542,505,000 |
| Interest-bearing deposits | 1,696,411,000 | 1,690,172,000 | 1,784,394,000 | 1,851,596,000 |
| Noninterest-bearing deposits | 766,819,000 | 693,801,000 | 691,500,000 | 690,909,000 |
| Equity capital | 283,615,000 | 291,339,000 | 291,394,000 | 305,315,000 |
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 | 38,612,000 | 79,479,000 | 122,749,000 | 167,192,000 |
| Interest expense | 7,464,000 | 16,294,000 | 28,445,000 | 41,947,000 |
| Net interest income | 31,148,000 | 63,185,000 | 94,304,000 | 125,245,000 |
| Noninterest income | 5,204,000 | 10,067,000 | 15,107,000 | 20,619,000 |
| Noninterest expense | 23,476,000 | 47,587,000 | 71,130,000 | 93,599,000 |
| Provision for loan losses | 2,356,000 | 3,420,000 | 4,102,000 | 5,770,000 |
| Pretax income | 10,769,000 | 22,841,000 | 34,910,000 | 47,492,000 |
| Income tax | 2,146,000 | 4,617,000 | 7,267,000 | 9,677,000 |
| Net income | 8,623,000 | 18,224,000 | 27,643,000 | 37,815,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 282,398,000 | 290,867,000 | 298,887,000 | 307,686,000 |
| Total capital | 313,285,000 | 322,027,000 | 330,533,000 | 339,436,000 |
| Risk-weighted assets | 2,469,590,000 | 2,491,682,000 | 2,531,040,000 | 2,538,674,000 |