Call reports 2023
WAKEFIELD CO-OPERATIVE BANK — 2023
What WAKEFIELD 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 | 307,971,000 | 312,868,000 | 314,186,000 | 319,205,000 |
| Total loans | 241,615,000 | 251,909,000 | 258,580,000 | 264,366,000 |
| Allowance for loan losses | 2,005,000 | 2,089,000 | 2,135,000 | 2,188,000 |
| Securities available for sale | 33,323,000 | 32,307,000 | 26,738,000 | 27,700,000 |
| Securities held to maturity | 13,390,000 | 13,293,000 | 13,198,000 | 13,106,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 266,591,000 | 269,660,000 | 269,178,000 | 268,845,000 |
| Interest-bearing deposits | 228,355,000 | 231,278,000 | 230,255,000 | 234,940,000 |
| Noninterest-bearing deposits | 38,236,000 | 38,382,000 | 38,923,000 | 33,905,000 |
| Equity capital | 19,632,000 | 19,198,000 | 18,093,000 | 19,199,000 |
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 | 2,769,000 | 5,719,000 | 8,823,000 | 12,178,000 |
| Interest expense | 1,060,000 | 2,466,000 | 4,118,000 | 5,992,000 |
| Net interest income | 1,709,000 | 3,253,000 | 4,705,000 | 6,186,000 |
| Noninterest income | 144,000 | 302,000 | 443,000 | 552,000 |
| Noninterest expense | 2,015,000 | 4,042,000 | 5,979,000 | 7,745,000 |
| Provision for loan losses | 3,000 | 88,000 | 135,000 | 190,000 |
| Pretax income | -165,000 | -575,000 | -1,048,000 | -1,295,000 |
| Income tax | -91,000 | -249,000 | -396,000 | -501,000 |
| Net income | -74,000 | -326,000 | -652,000 | -794,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,701,000 | 22,449,000 | 22,123,000 | 21,981,000 |
| Total capital | 24,786,000 | 24,619,000 | 24,338,000 | 24,249,000 |
| Risk-weighted assets | 182,386,000 | 185,430,000 | 186,479,000 | 190,757,000 |