Call reports 2023
STATE BANK OF CHERRY — 2023
What STATE BANK OF CHERRY 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 | 125,041,000 | 124,645,000 | 118,987,000 | 127,105,000 |
| Total loans | 94,894,000 | 93,914,000 | 89,643,000 | 102,739,000 |
| Allowance for loan losses | 1,899,000 | 2,051,000 | 2,052,000 | 2,055,000 |
| Securities available for sale | 13,297,000 | 14,157,000 | 17,553,000 | 15,816,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,820,000 | 110,376,000 | 104,815,000 | 105,120,000 |
| Interest-bearing deposits | 89,587,000 | 87,599,000 | 84,096,000 | 84,699,000 |
| Noninterest-bearing deposits | 21,233,000 | 22,777,000 | 20,719,000 | 20,421,000 |
| Equity capital | 13,157,000 | 13,123,000 | 12,943,000 | 13,897,000 |
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 | 1,248,000 | 2,631,000 | 4,089,000 | 5,727,000 |
| Interest expense | 260,000 | 571,000 | 920,000 | 1,313,000 |
| Net interest income | 988,000 | 2,060,000 | 3,169,000 | 4,414,000 |
| Noninterest income | 74,000 | 126,000 | 173,000 | 235,000 |
| Noninterest expense | 543,000 | 1,111,000 | 1,682,000 | 2,227,000 |
| Provision for loan losses | 60,000 | 210,000 | 210,000 | 210,000 |
| Pretax income | 435,000 | 841,000 | 1,426,000 | 2,046,000 |
| Income tax | 8,000 | 15,000 | 23,000 | 30,000 |
| Net income | 427,000 | 826,000 | 1,403,000 | 2,016,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,649,000 | 13,847,000 | 14,255,000 | 14,531,000 |