Call reports 2023
CROSS RIVER BANK — 2023
What CROSS RIVER 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 | 8,461,864,000 | 8,391,265,000 | 8,295,910,000 | 8,712,298,000 |
| Total loans | 6,496,529,000 | 6,159,702,000 | 6,444,746,000 | 6,222,799,000 |
| Allowance for loan losses | 78,861,000 | 79,926,000 | 124,986,000 | 108,585,000 |
| Securities available for sale | 86,231,000 | 115,937,000 | 183,024,000 | 462,110,000 |
| Securities held to maturity | 235,248,000 | 255,170,000 | 398,815,000 | 336,654,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,810,910,000 | 6,413,319,000 | 6,379,954,000 | 6,733,823,000 |
| Interest-bearing deposits | 4,530,492,000 | 5,355,340,000 | 5,197,771,000 | 5,358,292,000 |
| Noninterest-bearing deposits | 1,280,418,000 | 1,057,979,000 | 1,182,184,000 | 1,375,531,000 |
| Equity capital | 1,069,929,000 | 1,077,786,000 | 1,006,936,000 | 1,015,117,000 |
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 | 179,576,000 | 347,912,000 | 517,396,000 | 715,742,000 |
| Interest expense | 45,740,000 | 100,562,000 | 167,051,000 | 239,291,000 |
| Net interest income | 133,836,000 | 247,350,000 | 350,345,000 | 476,451,000 |
| Noninterest income | -22,191,000 | 9,995,000 | -15,002,000 | -40,701,000 |
| Noninterest expense | 86,726,000 | 190,429,000 | 292,162,000 | 395,607,000 |
| Provision for loan losses | -3,115,000 | 21,860,000 | 79,585,000 | 86,135,000 |
| Pretax income | 28,204,000 | 45,000,000 | -37,751,000 | -47,786,000 |
| Income tax | 7,710,000 | 12,360,000 | -9,898,000 | -30,114,000 |
| Net income | 20,494,000 | 32,640,000 | -27,853,000 | -17,672,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,070,227,000 | 1,080,383,000 | 1,010,663,000 | 1,024,532,000 |