Call reports 2023
FREEPORT STATE BANK — 2023
What FREEPORT 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 | 147,404,000 | 146,334,000 | 158,556,000 | 159,790,000 |
| Total loans | 88,319,000 | 91,971,000 | 94,970,000 | 93,832,000 |
| Allowance for loan losses | 820,000 | 823,000 | 851,000 | 854,000 |
| Securities available for sale | 17,600,000 | 17,418,000 | 17,069,000 | 17,785,000 |
| Securities held to maturity | 26,210,000 | 25,858,000 | 25,807,000 | 25,790,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 134,730,000 | 132,154,000 | 145,138,000 | 145,805,000 |
| Interest-bearing deposits | 102,749,000 | 100,149,000 | 106,674,000 | 107,243,000 |
| Noninterest-bearing deposits | 31,981,000 | 32,005,000 | 38,464,000 | 38,562,000 |
| Equity capital | 12,436,000 | 12,597,000 | 12,663,000 | 13,316,000 |
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 | 1,425,000 | 2,939,000 | 4,601,000 | 6,355,000 |
| Interest expense | 103,000 | 328,000 | 644,000 | 1,040,000 |
| Net interest income | 1,322,000 | 2,611,000 | 3,957,000 | 5,315,000 |
| Noninterest income | 51,000 | 144,000 | 229,000 | 302,000 |
| Noninterest expense | 990,000 | 1,996,000 | 3,016,000 | 4,282,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 383,000 | 759,000 | 1,170,000 | 1,335,000 |
| Income tax | 89,000 | 175,000 | 271,000 | 293,000 |
| Net income | 294,000 | 584,000 | 899,000 | 1,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,123,000 | 14,414,000 | 14,729,000 | 14,872,000 |
| Total capital | 14,943,000 | 15,237,000 | 15,580,000 | 15,726,000 |
| Risk-weighted assets | 96,474,000 | 99,243,000 | 105,154,000 | 103,054,000 |