Call reports 2023
WATERMARK BANK — 2023
What WATERMARK 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 | 274,979,000 | 290,332,000 | 311,572,000 | 313,859,000 |
| Total loans | 217,212,000 | 241,947,000 | 269,071,000 | 266,051,000 |
| Allowance for loan losses | 3,466,000 | 3,716,000 | 3,866,000 | 4,316,000 |
| Securities available for sale | 14,436,000 | 13,165,000 | 13,187,000 | 13,524,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 232,310,000 | 242,796,000 | 267,453,000 | 264,228,000 |
| Interest-bearing deposits | 183,324,000 | 201,626,000 | 222,999,000 | 222,740,000 |
| Noninterest-bearing deposits | 48,986,000 | 41,170,000 | 44,454,000 | 41,488,000 |
| Equity capital | 42,101,000 | 42,735,000 | 43,557,000 | 44,486,000 |
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 | 3,935,000 | 8,232,000 | 13,416,000 | 18,770,000 |
| Interest expense | 1,149,000 | 2,677,000 | 4,745,000 | 7,064,000 |
| Net interest income | 2,786,000 | 5,555,000 | 8,671,000 | 11,706,000 |
| Noninterest income | 76,000 | 195,000 | 358,000 | 460,000 |
| Noninterest expense | 1,660,000 | 3,262,000 | 5,405,000 | 7,256,000 |
| Provision for loan losses | 175,000 | 425,000 | 575,000 | 1,025,000 |
| Pretax income | 1,027,000 | 2,063,000 | 3,049,000 | 3,885,000 |
| Income tax | 252,000 | 496,000 | 747,000 | 955,000 |
| Net income | 775,000 | 1,567,000 | 2,302,000 | 2,930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,034,000 | 42,787,000 | 43,515,000 | 44,208,000 |
| Total capital | 45,239,000 | 46,101,000 | 47,381,000 | 47,809,000 |
| Risk-weighted assets | 256,210,000 | 264,746,000 | 310,349,000 | 287,384,000 |