Call reports 2023
SALEM CO-OPERATIVE BANK — 2023
What SALEM CO-OPERATIVE 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 | 495,672,000 | 511,371,000 | 525,416,000 | 540,887,000 |
| Total loans | 409,171,000 | 425,994,000 | 442,476,000 | 453,372,000 |
| Allowance for loan losses | 3,066,000 | 3,234,000 | 3,146,000 | 3,000,000 |
| Securities available for sale | 51,928,000 | 50,301,000 | 47,859,000 | 51,020,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 388,458,000 | 380,476,000 | 391,764,000 | 387,033,000 |
| Interest-bearing deposits | 336,158,000 | 327,841,000 | 337,699,000 | 335,898,000 |
| Noninterest-bearing deposits | 52,300,000 | 52,635,000 | 54,065,000 | 51,135,000 |
| Equity capital | 66,508,000 | 65,899,000 | 64,487,000 | 65,160,000 |
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 | 4,245,000 | 8,804,000 | 13,749,000 | 18,942,000 |
| Interest expense | 1,836,000 | 4,085,000 | 6,869,000 | 9,995,000 |
| Net interest income | 2,409,000 | 4,719,000 | 6,880,000 | 8,947,000 |
| Noninterest income | 195,000 | 406,000 | 605,000 | 804,000 |
| Noninterest expense | 3,052,000 | 5,872,000 | 8,691,000 | 11,532,000 |
| Provision for loan losses | 0 | 0 | 0 | -106,000 |
| Pretax income | -448,000 | -747,000 | -1,179,000 | -1,594,000 |
| Income tax | -197,000 | -300,000 | -423,000 | -621,000 |
| Net income | -251,000 | -447,000 | -756,000 | -973,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,778,000 | 71,370,000 | 71,061,000 | 70,845,000 |
| Total capital | 74,844,000 | 74,782,000 | 74,359,000 | 73,942,000 |
| Risk-weighted assets | 324,641,000 | 342,014,000 | 353,929,000 | 351,118,000 |