Call reports 2023
SOLUTIONS NORTH BANK — 2023
What SOLUTIONS NORTH 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 | 319,844,000 | 312,727,000 | 306,592,000 | 310,578,000 |
| Total loans | 193,792,000 | 196,158,000 | 204,685,000 | 208,579,000 |
| Allowance for loan losses | 4,475,000 | 4,520,000 | 4,581,000 | 4,639,000 |
| Securities available for sale | 75,259,000 | 74,764,000 | 71,296,000 | 74,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 269,614,000 | 260,762,000 | 256,393,000 | 258,344,000 |
| Interest-bearing deposits | 224,077,000 | 221,778,000 | 216,961,000 | 215,739,000 |
| Noninterest-bearing deposits | 45,537,000 | 38,984,000 | 39,432,000 | 42,605,000 |
| Equity capital | 33,814,000 | 34,317,000 | 33,054,000 | 35,401,000 |
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 | 3,385,000 | 6,922,000 | 10,679,000 | 14,594,000 |
| Interest expense | 692,000 | 1,564,000 | 2,558,000 | 3,735,000 |
| Net interest income | 2,693,000 | 5,358,000 | 8,121,000 | 10,859,000 |
| Noninterest income | -126,000 | -21,000 | 155,000 | 286,000 |
| Noninterest expense | 1,662,000 | 3,276,000 | 5,793,000 | 7,568,000 |
| Provision for loan losses | 61,000 | 122,000 | 191,000 | 255,000 |
| Pretax income | 844,000 | 2,030,000 | 2,383,000 | 3,413,000 |
| Income tax | 112,000 | 412,000 | 501,000 | 762,000 |
| Net income | 732,000 | 1,618,000 | 1,882,000 | 2,651,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,322,000 | 40,208,000 | 40,472,000 | 40,541,000 |
| Total capital | 42,385,000 | 43,215,000 | 43,585,000 | 43,739,000 |
| Risk-weighted assets | 243,632,000 | 239,099,000 | 247,604,000 | 254,390,000 |