Call reports 2023
GULF COAST BUSINESS BANK — 2023
What GULF COAST BUSINESS 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 | 60,002,000 | 71,318,000 | 77,987,000 | 83,540,000 |
| Total loans | 24,915,000 | 39,160,000 | 46,655,000 | 49,372,000 |
| Allowance for loan losses | 326,000 | 512,000 | 607,000 | 640,000 |
| Securities available for sale | 8,959,000 | 8,463,000 | 7,967,000 | 8,056,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,050,000 | 51,013,000 | 58,264,000 | 63,944,000 |
| Interest-bearing deposits | 29,818,000 | 37,214,000 | 43,187,000 | 48,735,000 |
| Noninterest-bearing deposits | 9,232,000 | 13,799,000 | 15,077,000 | 15,209,000 |
| Equity capital | 20,033,000 | 19,214,000 | 18,552,000 | 18,523,000 |
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 | 668,000 | 1,669,000 | 2,848,000 | 4,138,000 |
| Interest expense | 154,000 | 401,000 | 725,000 | 1,145,000 |
| Net interest income | 514,000 | 1,268,000 | 2,123,000 | 2,993,000 |
| Noninterest income | 5,000 | 15,000 | 28,000 | 44,000 |
| Noninterest expense | 1,170,000 | 2,496,000 | 3,778,000 | 4,968,000 |
| Provision for loan losses | 104,000 | 290,000 | 390,000 | 423,000 |
| Pretax income | -755,000 | -1,503,000 | -2,017,000 | -2,354,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -755,000 | -1,503,000 | -2,017,000 | -2,354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,128,000 | 19,418,000 | 18,946,000 | 18,651,000 |