Call reports 2023
REDEMPTION BANK — 2023
What REDEMPTION 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 | 62,197,000 | 62,747,000 | 61,891,000 | 61,857,000 |
| Total loans | 45,123,000 | 44,910,000 | 45,916,000 | 48,836,000 |
| Allowance for loan losses | 890,000 | 890,000 | 890,000 | 882,000 |
| Securities available for sale | 1,636,000 | 1,571,000 | 1,558,000 | 1,524,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,225,000 | 51,102,000 | 50,228,000 | 50,030,000 |
| Interest-bearing deposits | 32,699,000 | 34,191,000 | 33,174,000 | 34,896,000 |
| Noninterest-bearing deposits | 17,527,000 | 16,911,000 | 17,054,000 | 15,134,000 |
| Equity capital | 11,306,000 | 11,069,000 | 11,053,000 | 11,131,000 |
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 | 970,000 | 1,345,000 | 2,371,000 | 3,506,000 |
| Interest expense | 174,000 | 396,000 | 660,000 | 939,000 |
| Net interest income | 796,000 | 949,000 | 1,711,000 | 2,567,000 |
| Noninterest income | 51,000 | 137,000 | 159,000 | 181,000 |
| Noninterest expense | 512,000 | 1,069,000 | 1,646,000 | 2,290,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 335,000 | 17,000 | 224,000 | 458,000 |
| Income tax | 90,000 | 0 | 55,000 | 99,000 |
| Net income | 245,000 | 17,000 | 169,000 | 359,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,289,000 | 11,045,000 | 11,023,000 | 11,131,000 |