Call reports 2023
VALLEY STATE BANK — 2023
What VALLEY STATE 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 | 151,851,000 | 150,006,000 | 150,892,000 | 152,450,000 |
| Total loans | 77,662,000 | 79,457,000 | 80,908,000 | 80,537,000 |
| Allowance for loan losses | 1,532,000 | 1,589,000 | 1,643,000 | 1,688,000 |
| Securities available for sale | 51,994,000 | 51,710,000 | 49,268,000 | 49,482,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,235,000 | 127,154,000 | 128,299,000 | 127,771,000 |
| Interest-bearing deposits | 105,215,000 | 105,492,000 | 105,790,000 | 104,865,000 |
| Noninterest-bearing deposits | 24,020,000 | 21,662,000 | 22,509,000 | 22,906,000 |
| Equity capital | 22,301,000 | 22,621,000 | 22,345,000 | 24,343,000 |
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 | 1,707,000 | 3,553,000 | 5,435,000 | 7,523,000 |
| Interest expense | 224,000 | 586,000 | 1,018,000 | 1,487,000 |
| Net interest income | 1,483,000 | 2,967,000 | 4,417,000 | 6,036,000 |
| Noninterest income | 84,000 | 150,000 | 220,000 | 313,000 |
| Noninterest expense | 796,000 | 1,606,000 | 2,425,000 | 3,317,000 |
| Provision for loan losses | 55,000 | 115,000 | 175,000 | 235,000 |
| Pretax income | 717,000 | 1,396,000 | 2,034,000 | 2,797,000 |
| Income tax | 159,000 | 307,000 | 445,000 | 600,000 |
| Net income | 558,000 | 1,089,000 | 1,589,000 | 2,197,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,406,000 | 26,944,000 | 27,443,000 | 28,046,000 |