Call reports 2023
GROVE BANK — 2023
What GROVE 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 | 46,594,000 | 45,445,000 | 45,521,000 | 47,599,000 |
| Total loans | 27,951,000 | 29,115,000 | 30,234,000 | 30,621,000 |
| Allowance for loan losses | 356,000 | 356,000 | 377,000 | 377,000 |
| Securities available for sale | 476,000 | 444,000 | 390,000 | 440,000 |
| Securities held to maturity | 3,818,000 | 3,843,000 | 3,868,000 | 4,361,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,374,000 | 33,262,000 | 33,424,000 | 35,565,000 |
| Interest-bearing deposits | 26,819,000 | 26,200,000 | 26,077,000 | 27,921,000 |
| Noninterest-bearing deposits | 7,555,000 | 7,062,000 | 7,347,000 | 7,644,000 |
| Equity capital | 6,625,000 | 6,622,000 | 6,593,000 | 6,627,000 |
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 | 525,000 | 1,164,000 | 1,813,000 | 2,420,000 |
| Interest expense | 122,000 | 255,000 | 427,000 | 621,000 |
| Net interest income | 403,000 | 909,000 | 1,386,000 | 1,799,000 |
| Noninterest income | 7,000 | 17,000 | 27,000 | 35,000 |
| Noninterest expense | 400,000 | 865,000 | 1,297,000 | 1,735,000 |
| Provision for loan losses | 0 | 10,000 | 31,000 | 31,000 |
| Pretax income | 10,000 | 51,000 | 85,000 | 68,000 |
| Income tax | 3,000 | 14,000 | 24,000 | 22,000 |
| Net income | 7,000 | 37,000 | 61,000 | 46,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,332,000 | 4,321,000 | 4,675,000 | 4,684,000 |
| Total capital | 4,642,000 | 4,651,000 | 5,007,000 | 5,034,000 |
| Risk-weighted assets | 24,780,000 | 26,402,000 | 26,525,000 | 27,741,000 |