Call reports 2023
STATE BANK OF BELLINGHAM — 2023
What STATE BANK OF BELLINGHAM 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 | 50,126,000 | 53,966,000 | 53,150,000 | 54,443,000 |
| Total loans | 24,263,000 | 30,217,000 | 29,361,000 | 29,136,000 |
| Allowance for loan losses | 258,000 | 295,000 | 295,000 | 295,000 |
| Securities available for sale | 7,330,000 | 7,254,000 | 6,737,000 | 6,997,000 |
| Securities held to maturity | 13,692,000 | 13,656,000 | 13,617,000 | 13,590,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,791,000 | 41,452,000 | 42,448,000 | 42,788,000 |
| Interest-bearing deposits | 35,673,000 | 36,034,000 | 37,386,000 | 36,827,000 |
| Noninterest-bearing deposits | 6,118,000 | 5,418,000 | 5,062,000 | 5,961,000 |
| Equity capital | 3,996,000 | 4,116,000 | 3,773,000 | 4,675,000 |
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 | 516,000 | 1,058,000 | 1,681,000 | 2,300,000 |
| Interest expense | 164,000 | 382,000 | 682,000 | 1,028,000 |
| Net interest income | 352,000 | 676,000 | 999,000 | 1,272,000 |
| Noninterest income | 3,000 | 5,000 | -23,000 | 26,000 |
| Noninterest expense | 222,000 | 419,000 | 644,000 | 878,000 |
| Provision for loan losses | 0 | 37,000 | 37,000 | 37,000 |
| Pretax income | 136,000 | 228,000 | 299,000 | 391,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 136,000 | 228,000 | 299,000 | 391,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,773,000 | 6,865,000 | 6,936,000 | 7,028,000 |
| Total capital | 7,031,000 | 7,160,000 | 7,231,000 | 7,323,000 |
| Risk-weighted assets | 32,298,000 | 38,830,000 | 40,019,000 | 37,424,000 |