Call reports 2023
GARRETT STATE BANK, THE — 2023
What GARRETT STATE BANK, THE 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 | 325,823,000 | 336,090,000 | 324,582,000 | 350,376,000 |
| Total loans | 259,042,000 | 257,810,000 | 261,763,000 | 264,553,000 |
| Allowance for loan losses | 2,615,000 | 2,610,000 | 2,629,000 | 2,608,000 |
| Securities available for sale | 34,220,000 | 33,596,000 | 34,819,000 | 39,077,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 281,521,000 | 294,178,000 | 273,524,000 | 303,232,000 |
| Interest-bearing deposits | 220,300,000 | 231,459,000 | 212,648,000 | 245,074,000 |
| Noninterest-bearing deposits | 61,221,000 | 62,719,000 | 60,876,000 | 58,158,000 |
| Equity capital | 30,935,000 | 30,831,000 | 30,730,000 | 32,676,000 |
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 | 3,530,000 | 7,236,000 | 11,062,000 | 15,199,000 |
| Interest expense | 893,000 | 2,086,000 | 3,378,000 | 4,940,000 |
| Net interest income | 2,637,000 | 5,150,000 | 7,684,000 | 10,259,000 |
| Noninterest income | 174,000 | 355,000 | 528,000 | 704,000 |
| Noninterest expense | 1,499,000 | 2,964,000 | 4,437,000 | 6,177,000 |
| Provision for loan losses | 17,000 | 40,000 | 61,000 | 69,000 |
| Pretax income | 1,306,000 | 2,507,000 | 3,728,000 | 4,711,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,306,000 | 2,507,000 | 3,728,000 | 4,711,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,055,000 | 33,561,000 | 34,058,000 | 34,449,000 |
| Total capital | 35,343,000 | 35,847,000 | 36,387,000 | 36,844,000 |
| Risk-weighted assets | 182,687,000 | 182,507,000 | 185,970,000 | 191,370,000 |