Call reports 2023
SHERWOOD STATE BANK, THE — 2023
What SHERWOOD STATE BANK, THE 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 | 91,114,000 | 92,037,000 | 93,286,000 | 95,420,000 |
| Total loans | 65,001,000 | 66,522,000 | 66,954,000 | 67,996,000 |
| Allowance for loan losses | 789,000 | 812,000 | 830,000 | 836,000 |
| Securities available for sale | 19,152,000 | 18,277,000 | 18,435,000 | 19,169,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,303,000 | 78,101,000 | 75,282,000 | 78,113,000 |
| Interest-bearing deposits | 54,676,000 | 57,002,000 | 55,580,000 | 57,449,000 |
| Noninterest-bearing deposits | 20,627,000 | 21,099,000 | 19,702,000 | 20,664,000 |
| Equity capital | 10,439,000 | 10,462,000 | 10,402,000 | 11,140,000 |
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 | 993,000 | 2,048,000 | 3,167,000 | 4,473,000 |
| Interest expense | 115,000 | 312,000 | 556,000 | 860,000 |
| Net interest income | 878,000 | 1,736,000 | 2,611,000 | 3,613,000 |
| Noninterest income | 99,000 | 199,000 | 309,000 | 419,000 |
| Noninterest expense | 784,000 | 1,589,000 | 2,423,000 | 3,274,000 |
| Provision for loan losses | 10,000 | 44,000 | 63,000 | 71,000 |
| Pretax income | 183,000 | 302,000 | 434,000 | 687,000 |
| Income tax | 22,000 | 29,000 | 40,000 | 75,000 |
| Net income | 161,000 | 273,000 | 394,000 | 612,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,653,000 | 11,765,000 | 11,816,000 | 12,033,000 |