Call reports 2023
BANK OF PROTECTION, THE — 2023
What BANK OF PROTECTION, 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 | 83,664,000 | 88,901,000 | 85,291,000 | 92,844,000 |
| Total loans | 44,669,000 | 51,325,000 | 49,704,000 | 55,806,000 |
| Allowance for loan losses | 693,000 | 693,000 | 716,000 | 766,000 |
| Securities available for sale | 28,339,000 | 27,663,000 | 26,218,000 | 26,998,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,513,000 | 67,011,000 | 68,541,000 | 70,417,000 |
| Interest-bearing deposits | 47,013,000 | 49,025,000 | 49,017,000 | 51,183,000 |
| Noninterest-bearing deposits | 20,500,000 | 17,987,000 | 19,525,000 | 19,234,000 |
| Equity capital | 10,374,000 | 10,581,000 | 10,198,000 | 11,000,000 |
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 | 902,000 | 1,850,000 | 2,927,000 | 4,161,000 |
| Interest expense | 164,000 | 363,000 | 719,000 | 1,130,000 |
| Net interest income | 738,000 | 1,487,000 | 2,208,000 | 3,031,000 |
| Noninterest income | 46,000 | 100,000 | 161,000 | 214,000 |
| Noninterest expense | 402,000 | 813,000 | 1,257,000 | 1,843,000 |
| Provision for loan losses | 0 | 0 | 25,000 | 75,000 |
| Pretax income | 374,000 | 769,000 | 1,082,000 | 1,322,000 |
| Income tax | 64,000 | 134,000 | 184,000 | 216,000 |
| Net income | 310,000 | 635,000 | 898,000 | 1,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,453,000 | 12,778,000 | 13,042,000 | 12,889,000 |