Call reports 2023
FIRST SEACOAST BANK — 2023
What FIRST SEACOAST 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 | 548,387,000 | 552,677,000 | 556,748,000 | 571,301,000 |
| Total loans | 405,809,000 | 417,149,000 | 427,991,000 | 429,667,000 |
| Allowance for loan losses | 3,286,000 | 3,319,000 | 3,349,000 | 3,390,000 |
| Securities available for sale | 108,066,000 | 109,896,000 | 102,552,000 | 121,728,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 438,333,000 | 410,619,000 | 435,499,000 | 426,673,000 |
| Interest-bearing deposits | 314,447,000 | 319,925,000 | 338,830,000 | 338,953,000 |
| Noninterest-bearing deposits | 123,886,000 | 90,694,000 | 96,669,000 | 87,720,000 |
| Equity capital | 54,173,000 | 52,781,000 | 47,207,000 | 46,181,000 |
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 | 4,662,000 | 9,672,000 | 14,848,000 | 20,662,000 |
| Interest expense | 1,440,000 | 3,451,000 | 6,047,000 | 9,080,000 |
| Net interest income | 3,222,000 | 6,221,000 | 8,801,000 | 11,582,000 |
| Noninterest income | 1,136,000 | 1,465,000 | 1,764,000 | 2,095,000 |
| Noninterest expense | 3,854,000 | 7,982,000 | 12,169,000 | 16,126,000 |
| Provision for loan losses | 0 | 36,000 | 66,000 | 106,000 |
| Pretax income | 504,000 | -316,000 | -1,654,000 | -6,712,000 |
| Income tax | 40,000 | -240,000 | -667,000 | 3,944,000 |
| Net income | 464,000 | -76,000 | -987,000 | -10,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,313,000 | 62,191,000 | 61,625,000 | 51,878,000 |
| Total capital | 65,983,000 | 65,881,000 | 65,432,000 | 55,659,000 |
| Risk-weighted assets | 333,903,000 | 352,536,000 | 365,035,000 | 363,626,000 |