Call reports 2023
FREDONIA VALLEY BANK — 2023
What FREDONIA VALLEY 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 | 102,726,000 | 98,772,000 | 97,583,000 | 99,699,000 |
| Total loans | 60,762,000 | 62,152,000 | 63,014,000 | 63,638,000 |
| Allowance for loan losses | 1,058,000 | 1,027,000 | 1,025,000 | 1,070,000 |
| Securities available for sale | 25,552,000 | 24,917,000 | 23,579,000 | 24,887,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,678,000 | 85,251,000 | 80,465,000 | 84,633,000 |
| Interest-bearing deposits | 56,767,000 | 51,645,000 | 53,845,000 | 54,728,000 |
| Noninterest-bearing deposits | 33,911,000 | 33,606,000 | 26,620,000 | 29,905,000 |
| Equity capital | 9,763,000 | 9,901,000 | 9,227,000 | 10,539,000 |
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 | 1,026,000 | 2,140,000 | 3,268,000 | 4,450,000 |
| Interest expense | 152,000 | 338,000 | 600,000 | 919,000 |
| Net interest income | 874,000 | 1,802,000 | 2,668,000 | 3,531,000 |
| Noninterest income | 120,000 | 245,000 | 370,000 | 483,000 |
| Noninterest expense | 677,000 | 1,381,000 | 2,097,000 | 2,900,000 |
| Provision for loan losses | 0 | 0 | 20,000 | 80,000 |
| Pretax income | 317,000 | 666,000 | 925,000 | 1,038,000 |
| Income tax | 84,000 | 166,000 | 253,000 | 169,000 |
| Net income | 233,000 | 500,000 | 672,000 | 869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,409,000 | 13,652,000 | 13,824,000 | 13,877,000 |