Call reports 2023
FORWARD BANK — 2023
What FORWARD 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 | 928,966,000 | 936,807,000 | 963,502,000 | 990,321,000 |
| Total loans | 653,758,000 | 669,138,000 | 697,811,000 | 722,680,000 |
| Allowance for loan losses | 5,766,000 | 5,889,000 | 5,906,000 | 6,219,000 |
| Securities available for sale | 171,254,000 | 170,941,000 | 160,506,000 | 167,847,000 |
| Securities held to maturity | 305,000 | 305,000 | 305,000 | 305,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 804,979,000 | 786,623,000 | 802,889,000 | 832,680,000 |
| Interest-bearing deposits | 607,467,000 | 591,846,000 | 602,424,000 | 625,839,000 |
| Noninterest-bearing deposits | 197,512,000 | 194,777,000 | 200,465,000 | 206,841,000 |
| Equity capital | 75,970,000 | 76,205,000 | 71,092,000 | 78,136,000 |
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 | 9,180,000 | 18,902,000 | 29,446,000 | 40,913,000 |
| Interest expense | 1,978,000 | 4,569,000 | 7,684,000 | 11,437,000 |
| Net interest income | 7,202,000 | 14,333,000 | 21,762,000 | 29,476,000 |
| Noninterest income | 2,187,000 | 4,613,000 | 7,130,000 | 9,686,000 |
| Noninterest expense | 7,270,000 | 14,806,000 | 22,182,000 | 30,328,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 795,000 |
| Pretax income | 1,735,000 | 3,606,000 | 5,955,000 | 7,785,000 |
| Income tax | 402,000 | 846,000 | 1,110,000 | 2,133,000 |
| Net income | 1,333,000 | 2,760,000 | 4,845,000 | 5,652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 77,688,000 | 78,839,000 | 80,771,000 | 80,610,000 |
| Total capital | 83,454,000 | 84,919,000 | 86,938,000 | 86,939,000 |
| Risk-weighted assets | 692,335,000 | 709,552,000 | 736,609,000 | 756,865,000 |