Call reports 2023
COMMONWEALTH BUSINESS BANK — 2023
What COMMONWEALTH BUSINESS 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 | 1,821,120,000 | 1,819,604,000 | 1,859,299,000 | 1,760,375,000 |
| Total loans | 1,466,620,000 | 1,416,320,000 | 1,420,585,000 | 1,422,267,000 |
| Allowance for loan losses | 15,627,000 | 15,626,000 | 15,284,000 | 15,291,000 |
| Securities available for sale | 62,875,000 | 60,350,000 | 55,577,000 | 53,857,000 |
| Securities held to maturity | 6,068,000 | 6,050,000 | 6,040,000 | 6,026,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,538,020,000 | 1,522,963,000 | 1,549,752,000 | 1,453,916,000 |
| Interest-bearing deposits | 1,108,754,000 | 1,096,078,000 | 1,143,257,000 | 1,147,662,000 |
| Noninterest-bearing deposits | 429,266,000 | 426,885,000 | 406,495,000 | 306,254,000 |
| Equity capital | 215,467,000 | 222,658,000 | 228,389,000 | 235,353,000 |
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 | 27,248,000 | 55,912,000 | 85,362,000 | 114,986,000 |
| Interest expense | 8,168,000 | 18,098,000 | 29,540,000 | 42,002,000 |
| Net interest income | 19,080,000 | 37,814,000 | 55,822,000 | 72,984,000 |
| Noninterest income | 1,052,000 | 3,851,000 | 5,311,000 | 7,275,000 |
| Noninterest expense | 10,071,000 | 20,050,000 | 30,022,000 | 39,271,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 10,061,000 | 21,615,000 | 31,111,000 | 40,988,000 |
| Income tax | 2,817,000 | 6,125,000 | 8,809,000 | 11,535,000 |
| Net income | 7,244,000 | 15,490,000 | 22,302,000 | 29,453,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 213,504,000 | 220,849,000 | 226,856,000 | 233,151,000 |
| Total capital | 229,610,000 | 236,954,000 | 242,619,000 | 248,921,000 |
| Risk-weighted assets | 1,326,188,000 | 1,296,748,000 | 1,290,877,000 | 1,291,739,000 |