Call reports 2023
CHEROKEE STATE BANK — 2023
What CHEROKEE 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 | 251,128,000 | 257,690,000 | 258,811,000 | 256,586,000 |
| Total loans | 149,139,000 | 154,171,000 | 159,746,000 | 166,772,000 |
| Allowance for loan losses | 2,334,000 | 2,334,000 | 2,276,000 | 2,276,000 |
| Securities available for sale | 87,000,000 | 84,069,000 | 78,097,000 | 73,986,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 215,629,000 | 219,735,000 | 222,995,000 | 216,680,000 |
| Interest-bearing deposits | 185,371,000 | 189,382,000 | 191,332,000 | 184,743,000 |
| Noninterest-bearing deposits | 30,258,000 | 30,353,000 | 31,663,000 | 31,937,000 |
| Equity capital | 22,293,000 | 21,635,000 | 19,588,000 | 22,938,000 |
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 | 2,370,000 | 5,010,000 | 7,797,000 | 10,657,000 |
| Interest expense | 566,000 | 1,500,000 | 2,662,000 | 3,900,000 |
| Net interest income | 1,804,000 | 3,510,000 | 5,135,000 | 6,757,000 |
| Noninterest income | 195,000 | 616,000 | 848,000 | 1,271,000 |
| Noninterest expense | 1,298,000 | 2,605,000 | 3,808,000 | 5,257,000 |
| Provision for loan losses | 0 | 0 | -23,000 | -23,000 |
| Pretax income | 701,000 | 1,545,000 | 2,183,000 | 2,281,000 |
| Income tax | 153,000 | 345,000 | 463,000 | 396,000 |
| Net income | 548,000 | 1,200,000 | 1,720,000 | 1,885,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,224,000 | 32,588,000 | 32,818,000 | 32,696,000 |
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