Call reports 2023
FORBRIGHT BANK — 2023
What FORBRIGHT 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 | 6,423,693,000 | 6,612,085,000 | 6,785,982,000 | 6,817,552,000 |
| Total loans | 4,908,683,000 | 4,661,740,000 | 4,645,044,000 | 4,489,390,000 |
| Allowance for loan losses | 87,269,000 | 87,739,000 | 78,829,000 | 74,715,000 |
| Securities available for sale | 32,527,000 | 825,947,000 | 835,670,000 | 853,558,000 |
| Securities held to maturity | 58,549,000 | 58,711,000 | 53,474,000 | 53,469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,620,386,000 | 5,694,472,000 | 5,470,488,000 | 5,913,524,000 |
| Interest-bearing deposits | 5,234,036,000 | 5,323,678,000 | 5,113,499,000 | 5,557,322,000 |
| Noninterest-bearing deposits | 386,350,000 | 370,794,000 | 356,989,000 | 356,202,000 |
| Equity capital | 697,650,000 | 711,780,000 | 733,646,000 | 752,023,000 |
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 | 131,895,000 | 269,235,000 | 404,362,000 | 539,181,000 |
| Interest expense | 52,655,000 | 112,150,000 | 174,462,000 | 241,112,000 |
| Net interest income | 79,240,000 | 157,085,000 | 229,900,000 | 298,069,000 |
| Noninterest income | 15,351,000 | 18,186,000 | 28,093,000 | 37,214,000 |
| Noninterest expense | 50,509,000 | 105,053,000 | 161,373,000 | 215,733,000 |
| Provision for loan losses | 11,967,000 | 19,641,000 | 14,965,000 | 20,140,000 |
| Pretax income | 32,815,000 | 51,646,000 | 83,569,000 | 101,986,000 |
| Income tax | 8,273,000 | 13,024,000 | 21,289,000 | 25,675,000 |
| Net income | 24,542,000 | 38,622,000 | 62,280,000 | 76,311,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 689,097,000 | 704,336,000 | 729,295,000 | 744,270,000 |