Call reports 2023
SWEDISH-AMERICAN STATE BANK — 2023
What SWEDISH-AMERICAN 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 | 56,582,000 | 61,381,000 | 65,082,000 | 66,911,000 |
| Total loans | 32,093,000 | 35,237,000 | 38,849,000 | 41,200,000 |
| Allowance for loan losses | 481,000 | 482,000 | 422,000 | 435,000 |
| Securities available for sale | 23,259,000 | 24,576,000 | 23,362,000 | 22,760,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,455,000 | 45,330,000 | 42,348,000 | 41,931,000 |
| Interest-bearing deposits | 38,848,000 | 35,779,000 | 33,102,000 | 32,372,000 |
| Noninterest-bearing deposits | 11,607,000 | 9,551,000 | 9,246,000 | 9,559,000 |
| Equity capital | 4,750,000 | 4,781,000 | 4,583,000 | 5,552,000 |
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 | 625,000 | 1,301,000 | 2,095,000 | 3,074,000 |
| Interest expense | 144,000 | 310,000 | 611,000 | 1,104,000 |
| Net interest income | 481,000 | 991,000 | 1,484,000 | 1,970,000 |
| Noninterest income | 46,000 | 92,000 | 138,000 | 258,000 |
| Noninterest expense | 336,000 | 677,000 | 1,031,000 | 1,412,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 193,000 | 411,000 | 596,000 | 824,000 |
| Income tax | 8,000 | 17,000 | 24,000 | 34,000 |
| Net income | 185,000 | 394,000 | 572,000 | 790,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,059,000 | 6,267,000 | 6,445,000 | 6,663,000 |
| Total capital | 6,479,000 | 6,737,000 | 6,868,000 | 7,098,000 |
| Risk-weighted assets | 33,580,000 | 37,560,000 | 41,386,000 | 42,594,000 |