Call reports 2023
IPSWICH STATE BANK — 2023
What IPSWICH STATE 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 | 71,842,000 | 69,910,000 | 68,722,000 | 70,905,000 |
| Total loans | 23,105,000 | 25,206,000 | 28,141,000 | 31,057,000 |
| Allowance for loan losses | 255,000 | 255,000 | 255,000 | 255,000 |
| Securities available for sale | 26,284,000 | 24,184,000 | 23,098,000 | 22,768,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,505,000 | 60,346,000 | 55,128,000 | 56,555,000 |
| Interest-bearing deposits | 43,620,000 | 43,371,000 | 39,276,000 | 38,905,000 |
| Noninterest-bearing deposits | 18,885,000 | 16,975,000 | 15,852,000 | 17,650,000 |
| Equity capital | 8,704,000 | 8,870,000 | 9,111,000 | 9,733,000 |
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 | 542,000 | 1,191,000 | 1,854,000 | 2,524,000 |
| Interest expense | 81,000 | 186,000 | 333,000 | 517,000 |
| Net interest income | 461,000 | 1,005,000 | 1,521,000 | 2,007,000 |
| Noninterest income | 16,000 | 29,000 | 47,000 | 68,000 |
| Noninterest expense | 268,000 | 562,000 | 828,000 | 1,153,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 209,000 | 472,000 | 741,000 | 923,000 |
| Income tax | 6,000 | 20,000 | 35,000 | 47,000 |
| Net income | 203,000 | 452,000 | 706,000 | 876,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,846,000 | 10,095,000 | 10,350,000 | 10,519,000 |
| Total capital | 10,101,000 | 10,350,000 | 10,605,000 | 10,774,000 |
| Risk-weighted assets | 32,645,000 | 33,351,000 | 36,052,000 | 36,693,000 |