Call reports 2023
THREAD BANK — 2023
What THREAD 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 | 493,067,000 | 564,584,000 | 609,203,000 | 682,474,000 |
| Total loans | 145,880,000 | 180,977,000 | 213,841,000 | 245,317,000 |
| Allowance for loan losses | 1,602,000 | 1,813,000 | 2,106,000 | 2,232,000 |
| Securities available for sale | 155,498,000 | 195,109,000 | 190,880,000 | 192,508,000 |
| Securities held to maturity | 63,647,000 | 62,976,000 | 62,118,000 | 61,456,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 436,444,000 | 492,517,000 | 531,996,000 | 600,140,000 |
| Interest-bearing deposits | 375,323,000 | 441,792,000 | 480,593,000 | 552,708,000 |
| Noninterest-bearing deposits | 61,121,000 | 50,725,000 | 51,403,000 | 47,432,000 |
| Equity capital | 43,058,000 | 41,907,000 | 45,003,000 | 51,516,000 |
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 | 4,806,000 | 11,182,000 | 19,351,000 | 28,886,000 |
| Interest expense | 2,981,000 | 6,868,000 | 11,706,000 | 18,149,000 |
| Net interest income | 1,825,000 | 4,314,000 | 7,645,000 | 10,737,000 |
| Noninterest income | 696,000 | 1,225,000 | 2,082,000 | 3,032,000 |
| Noninterest expense | 3,105,000 | 6,160,000 | 9,725,000 | 13,418,000 |
| Provision for loan losses | 0 | 205,000 | 443,000 | 585,000 |
| Pretax income | -635,000 | -877,000 | -492,000 | -285,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -635,000 | -877,000 | -492,000 | -285,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,115,000 | 57,519,000 | 58,079,000 | 64,689,000 |
| Total capital | 58,727,000 | — | 60,195,000 | 66,932,000 |
| Risk-weighted assets | 222,821,000 | — | 284,721,000 | 317,031,000 |