Call reports 2023
BERKSHIRE BANK, THE — 2023
What BERKSHIRE 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 | 618,737,000 | 597,616,000 | 599,792,000 | 578,533,000 |
| Total loans | 281,492,000 | 280,091,000 | 272,503,000 | 254,792,000 |
| Allowance for loan losses | 8,653,000 | 8,653,000 | 8,479,000 | 8,479,000 |
| Securities available for sale | 263,784,000 | 137,814,000 | 164,566,000 | 198,803,000 |
| Securities held to maturity | 1,000 | 1,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 491,183,000 | 470,337,000 | 471,575,000 | 447,764,000 |
| Interest-bearing deposits | 363,575,000 | 353,627,000 | 358,185,000 | 350,316,000 |
| Noninterest-bearing deposits | 127,609,000 | 116,711,000 | 113,390,000 | 97,448,000 |
| Equity capital | 121,022,000 | 121,324,000 | 121,706,000 | 124,655,000 |
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 | 5,843,000 | 12,342,000 | 19,598,000 | 27,107,000 |
| Interest expense | 1,096,000 | 2,608,000 | 4,420,000 | 6,415,000 |
| Net interest income | 4,747,000 | 9,734,000 | 15,178,000 | 20,692,000 |
| Noninterest income | 57,000 | 107,000 | 141,000 | 203,000 |
| Noninterest expense | 3,457,000 | 7,062,000 | 10,724,000 | 15,033,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 263,000 | 1,658,000 | 3,190,000 | 4,655,000 |
| Income tax | 55,000 | 516,000 | 1,024,000 | 1,493,000 |
| Net income | 208,000 | 1,142,000 | 2,166,000 | 3,162,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 127,723,000 | 128,656,000 | 129,680,000 | 130,676,000 |
| Total capital | 131,404,000 | 132,305,000 | 133,165,000 | 133,889,000 |
| Risk-weighted assets | 289,500,000 | 286,951,000 | 273,789,000 | 251,783,000 |