Call reports 2023
GULF ATLANTIC BANK — 2023
What GULF ATLANTIC 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 | 123,066,000 | 131,335,000 | 142,036,000 | 145,205,000 |
| Total loans | 89,386,000 | 99,951,000 | 104,259,000 | 109,581,000 |
| Allowance for loan losses | 757,000 | 822,000 | 835,000 | 913,000 |
| Securities available for sale | 14,819,000 | 15,148,000 | 17,172,000 | 16,664,000 |
| Securities held to maturity | 2,850,000 | 2,850,000 | 2,850,000 | 2,850,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,131,000 | 104,636,000 | 115,556,000 | 117,050,000 |
| Interest-bearing deposits | 89,415,000 | 94,179,000 | 100,825,000 | 101,295,000 |
| Noninterest-bearing deposits | 14,716,000 | 10,457,000 | 14,731,000 | 15,755,000 |
| Equity capital | 9,768,000 | 11,086,000 | 10,706,000 | 11,489,000 |
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 | 1,472,000 | 3,191,000 | 5,023,000 | 7,040,000 |
| Interest expense | 420,000 | 1,109,000 | 1,991,000 | 3,001,000 |
| Net interest income | 1,052,000 | 2,082,000 | 3,032,000 | 4,039,000 |
| Noninterest income | 47,000 | 116,000 | 180,000 | 258,000 |
| Noninterest expense | 987,000 | 2,014,000 | 3,120,000 | 4,075,000 |
| Provision for loan losses | -66,000 | -1,000 | 12,000 | 94,000 |
| Pretax income | 46,000 | 93,000 | -23,000 | 61,000 |
| Income tax | 0 | -1,124,000 | -1,153,000 | -1,136,000 |
| Net income | 46,000 | 1,217,000 | 1,130,000 | 1,197,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,085,000 | 12,685,000 | 12,709,000 | 12,884,000 |
| Total capital | 11,974,000 | 13,599,000 | 13,647,000 | 13,888,000 |
| Risk-weighted assets | 101,966,000 | 111,700,000 | 118,836,000 | 122,947,000 |