Call reports 2023
42 NORTH PRIVATE BANK — 2023
What 42 NORTH PRIVATE 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 | 220,603,000 | 228,897,000 | 234,351,000 | 234,689,000 |
| Total loans | 182,466,000 | 189,433,000 | 192,410,000 | 189,641,000 |
| Allowance for loan losses | 2,036,000 | 1,846,000 | 1,938,000 | 2,012,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,143,000 | 172,276,000 | 167,243,000 | 179,336,000 |
| Interest-bearing deposits | 162,541,000 | 171,631,000 | 166,266,000 | 175,500,000 |
| Noninterest-bearing deposits | 602,000 | 645,000 | 977,000 | 3,836,000 |
| Equity capital | 22,909,000 | 22,135,000 | 21,321,000 | 20,572,000 |
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 | 2,613,000 | 5,613,000 | 8,660,000 | 12,099,000 |
| Interest expense | 1,159,000 | 2,808,000 | 4,661,000 | 7,052,000 |
| Net interest income | 1,454,000 | 2,805,000 | 3,999,000 | 5,047,000 |
| Noninterest income | 26,000 | 63,000 | 103,000 | 136,000 |
| Noninterest expense | 2,031,000 | 4,193,000 | 6,241,000 | 8,071,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -551,000 | -1,325,000 | -2,139,000 | -2,888,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -551,000 | -1,325,000 | -2,139,000 | -2,888,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,909,000 | 22,135,000 | 21,321,000 | 20,572,000 |
| Total capital | 24,578,000 | 23,867,000 | 23,100,000 | 22,322,000 |
| Risk-weighted assets | 132,957,000 | 138,245,000 | 141,971,000 | 139,545,000 |