Call reports 2023
MECHANICS COOPERATIVE BANK — 2023
What MECHANICS COOPERATIVE 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 | 658,199,000 | 666,142,000 | 691,189,000 | 723,214,000 |
| Total loans | 536,154,000 | 534,213,000 | 568,449,000 | 597,158,000 |
| Allowance for loan losses | 4,302,000 | 4,352,000 | 4,349,000 | 4,322,000 |
| Securities available for sale | 75,983,000 | 75,156,000 | 74,528,000 | 77,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,140,000 | 1,328,000 | 1,528,000 | 1,135,000 |
| Total deposits | 513,115,000 | 541,700,000 | 547,280,000 | 546,142,000 |
| Interest-bearing deposits | 403,915,000 | 427,682,000 | 437,157,000 | 440,626,000 |
| Noninterest-bearing deposits | 109,200,000 | 114,018,000 | 110,123,000 | 105,516,000 |
| Equity capital | 82,560,000 | 83,870,000 | 84,473,000 | 88,883,000 |
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 | 8,297,000 | 16,596,000 | 25,548,000 | 35,455,000 |
| Interest expense | 1,430,000 | 3,450,000 | 5,887,000 | 8,989,000 |
| Net interest income | 6,867,000 | 13,146,000 | 19,661,000 | 26,466,000 |
| Noninterest income | 475,000 | 936,000 | 1,394,000 | 1,879,000 |
| Noninterest expense | 4,189,000 | 8,237,000 | 12,552,000 | 17,160,000 |
| Provision for loan losses | 166,000 | 216,000 | 213,000 | 187,000 |
| Pretax income | 2,965,000 | 5,594,000 | 8,205,000 | 10,925,000 |
| Income tax | 768,000 | 1,437,000 | 2,105,000 | 2,767,000 |
| Net income | 2,197,000 | 4,157,000 | 6,100,000 | 8,158,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 88,050,000 | 90,009,000 | 91,952,000 | 94,009,000 |
| Total capital | 93,004,000 | 95,026,000 | 97,017,000 | 99,035,000 |
| Risk-weighted assets | 483,366,000 | 485,751,000 | 516,508,000 | 529,385,000 |