Call reports 2023
INDEPENDENT CORRESPONDENT BANKERS' BANK, INC. — 2023
What INDEPENDENT CORRESPONDENT BANKERS' BANK, INC. 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 | 158,461,000 | 187,006,000 | 131,005,000 | 143,039,000 |
| Total loans | 74,100,000 | 73,951,000 | 72,259,000 | 77,434,000 |
| Allowance for loan losses | 1,001,000 | 1,017,000 | 1,018,000 | 1,019,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 975,000 | 3,093,000 | 3,017,000 | 2,920,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,696,000 | 63,674,000 | 61,890,000 | 61,560,000 |
| Interest-bearing deposits | 10,195,000 | 17,179,000 | 17,090,000 | 16,832,000 |
| Noninterest-bearing deposits | 44,501,000 | 46,494,000 | 44,800,000 | 44,728,000 |
| Equity capital | 17,729,000 | 17,954,000 | 18,105,000 | 18,249,000 |
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 | 1,885,000 | 4,103,000 | 6,123,000 | 8,137,000 |
| Interest expense | 963,000 | 2,241,000 | 3,424,000 | 4,332,000 |
| Net interest income | 922,000 | 1,862,000 | 2,699,000 | 3,805,000 |
| Noninterest income | 518,000 | 1,000,000 | 1,495,000 | 1,987,000 |
| Noninterest expense | 988,000 | 2,066,000 | 3,197,000 | 4,808,000 |
| Provision for loan losses | 48,000 | 64,000 | 64,000 | 64,000 |
| Pretax income | 404,000 | 732,000 | 933,000 | 920,000 |
| Income tax | 83,000 | 185,000 | 235,000 | 78,000 |
| Net income | 321,000 | 547,000 | 698,000 | 842,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,842,000 | 18,059,000 | 18,218,000 | 18,362,000 |
| Total capital | 18,703,000 | 18,059,000 | 19,124,000 | 19,250,000 |
| Risk-weighted assets | 77,033,000 | 77,534,000 | 79,128,000 | 71,896,000 |