Call reports 2023
BANK OF FARMINGTON — 2023
What BANK OF FARMINGTON 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 | 213,992,000 | 219,405,000 | 228,375,000 | 228,799,000 |
| Total loans | 167,056,000 | 172,200,000 | 171,594,000 | 172,022,000 |
| Allowance for loan losses | 1,966,000 | 2,002,000 | 2,054,000 | 1,918,000 |
| Securities available for sale | 33,388,000 | 32,546,000 | 31,294,000 | 32,404,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,349,000 | 183,358,000 | 191,854,000 | 193,830,000 |
| Interest-bearing deposits | 159,862,000 | 156,393,000 | 164,283,000 | 169,898,000 |
| Noninterest-bearing deposits | 28,487,000 | 26,965,000 | 27,571,000 | 23,932,000 |
| Equity capital | 19,557,000 | 19,583,000 | 19,179,000 | 20,624,000 |
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 | 2,168,000 | 4,473,000 | 6,934,000 | 9,682,000 |
| Interest expense | 525,000 | 1,184,000 | 2,168,000 | 3,277,000 |
| Net interest income | 1,643,000 | 3,289,000 | 4,766,000 | 6,405,000 |
| Noninterest income | 158,000 | 307,000 | 448,000 | 582,000 |
| Noninterest expense | 1,381,000 | 2,770,000 | 4,138,000 | 5,571,000 |
| Provision for loan losses | 45,000 | 90,000 | 120,000 | 0 |
| Pretax income | 342,000 | 703,000 | 923,000 | 1,383,000 |
| Income tax | 66,000 | 107,000 | 122,000 | 251,000 |
| Net income | 276,000 | 596,000 | 801,000 | 1,132,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,055,000 | 23,303,000 | 23,414,000 | 23,544,000 |
| Total capital | 25,021,000 | 25,305,000 | 25,468,000 | 25,462,000 |
| Risk-weighted assets | 180,287,000 | 184,001,000 | 185,880,000 | 180,631,000 |