Call reports 2023
OCEAN BANK — 2023
What OCEAN 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 | 5,986,172,000 | 6,067,664,000 | 6,116,050,000 | 6,443,509,000 |
| Total loans | 4,783,306,000 | 4,920,905,000 | 4,957,399,000 | 5,035,601,000 |
| Allowance for loan losses | 71,391,000 | 69,291,000 | 68,353,000 | 71,765,000 |
| Securities available for sale | 628,687,000 | 618,339,000 | 616,000,000 | 807,263,000 |
| Securities held to maturity | 170,570,000 | 171,516,000 | 172,597,000 | 173,718,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,026,642,000 | 5,126,123,000 | 5,325,968,000 | 5,401,701,000 |
| Interest-bearing deposits | 3,029,445,000 | 3,297,502,000 | 3,494,578,000 | 3,652,911,000 |
| Noninterest-bearing deposits | 1,997,197,000 | 1,828,621,000 | 1,831,390,000 | 1,748,790,000 |
| Equity capital | 553,483,000 | 567,347,000 | 586,630,000 | 589,797,000 |
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 | 72,187,000 | 150,804,000 | 234,152,000 | 319,801,000 |
| Interest expense | 16,504,000 | 39,833,000 | 69,265,000 | 102,960,000 |
| Net interest income | 55,683,000 | 110,971,000 | 164,887,000 | 216,841,000 |
| Noninterest income | 6,185,000 | 13,053,000 | 19,499,000 | 26,006,000 |
| Noninterest expense | 37,384,000 | 76,905,000 | 114,547,000 | 158,755,000 |
| Provision for loan losses | 500,000 | 4,400,000 | 4,400,000 | 5,400,000 |
| Pretax income | 24,009,000 | 43,624,000 | 66,296,000 | 80,607,000 |
| Income tax | 5,905,000 | 10,968,000 | 16,656,000 | 18,643,000 |
| Net income | 18,104,000 | 32,656,000 | 49,640,000 | 61,964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 590,381,000 | 605,683,000 | 623,578,000 | 620,716,000 |
| Total capital | 654,987,000 | 671,499,000 | 689,455,000 | 687,951,000 |
| Risk-weighted assets | 5,153,812,000 | 5,254,884,000 | 5,260,825,000 | 5,368,319,000 |