Call reports 2023
MILFORD FEDERAL BANK — 2023
What MILFORD FEDERAL 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 | 498,179,000 | 493,901,000 | 492,923,000 | 494,006,000 |
| Total loans | 423,018,000 | 425,115,000 | 431,829,000 | 436,330,000 |
| Allowance for loan losses | 2,239,000 | 2,245,000 | 2,125,000 | 2,079,000 |
| Securities available for sale | 26,430,000 | 24,163,000 | 22,690,000 | 23,203,000 |
| Securities held to maturity | 48,000 | 46,000 | 44,000 | 42,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 385,934,000 | 375,502,000 | 373,353,000 | 370,872,000 |
| Interest-bearing deposits | 346,944,000 | 335,554,000 | 334,284,000 | 333,617,000 |
| Noninterest-bearing deposits | 38,990,000 | 39,948,000 | 39,069,000 | 37,255,000 |
| Equity capital | 54,076,000 | 54,137,000 | 54,112,000 | 55,559,000 |
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 | 4,276,000 | 8,768,000 | 13,443,000 | 18,267,000 |
| Interest expense | 920,000 | 2,347,000 | 3,948,000 | 5,724,000 |
| Net interest income | 3,356,000 | 6,421,000 | 9,495,000 | 12,543,000 |
| Noninterest income | 464,000 | 943,000 | 1,409,000 | 1,884,000 |
| Noninterest expense | 3,175,000 | 6,116,000 | 9,071,000 | 11,854,000 |
| Provision for loan losses | 62,000 | 71,000 | -31,000 | -76,000 |
| Pretax income | 583,000 | 1,177,000 | 1,864,000 | 2,632,000 |
| Income tax | 135,000 | 274,000 | 439,000 | 627,000 |
| Net income | 448,000 | 903,000 | 1,425,000 | 2,005,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,603,000 | 56,058,000 | 56,580,000 | 57,161,000 |
| Total capital | 57,842,000 | 58,303,000 | 58,705,000 | 59,257,000 |
| Risk-weighted assets | 321,704,000 | 308,756,000 | 305,118,000 | 298,740,000 |