Call reports 2023
AMERIFIRST BANK — 2023
What AMERIFIRST 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 | 307,903,000 | 311,648,000 | 310,907,000 | 318,211,000 |
| Total loans | 236,104,000 | 235,590,000 | 237,053,000 | 243,987,000 |
| Allowance for loan losses | 2,435,000 | 2,503,000 | 2,536,000 | 2,690,000 |
| Securities available for sale | 42,630,000 | 41,290,000 | 38,805,000 | 39,498,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,268,000 | 273,379,000 | 278,231,000 | 283,727,000 |
| Interest-bearing deposits | 203,207,000 | 210,563,000 | 214,082,000 | 223,895,000 |
| Noninterest-bearing deposits | 67,061,000 | 62,816,000 | 64,149,000 | 59,832,000 |
| Equity capital | 28,112,000 | 28,673,000 | 28,695,000 | 30,301,000 |
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 | 3,361,000 | 6,894,000 | 10,702,000 | 14,715,000 |
| Interest expense | 397,000 | 1,102,000 | 2,006,000 | 3,028,000 |
| Net interest income | 2,964,000 | 5,792,000 | 8,696,000 | 11,687,000 |
| Noninterest income | 302,000 | 595,000 | 952,000 | 1,236,000 |
| Noninterest expense | 2,294,000 | 4,449,000 | 6,570,000 | 8,668,000 |
| Provision for loan losses | 75,000 | 135,000 | 188,000 | 218,000 |
| Pretax income | 911,000 | 1,817,000 | 2,904,000 | 4,051,000 |
| Income tax | 193,000 | 379,000 | 629,000 | 866,000 |
| Net income | 718,000 | 1,438,000 | 2,275,000 | 3,185,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,541,000 | 29,321,000 | 30,237,000 | 30,705,000 |
| Total capital | 30,976,000 | 31,824,000 | 32,755,000 | 33,377,000 |
| Risk-weighted assets | 246,790,000 | 246,067,000 | 245,811,000 | 248,407,000 |