Call reports 2023
ANDOVER STATE BANK — 2023
What ANDOVER 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 | 193,562,000 | 192,618,000 | 188,295,000 | 192,583,000 |
| Total loans | 163,852,000 | 169,774,000 | 169,875,000 | 172,364,000 |
| Allowance for loan losses | 2,116,000 | 2,193,000 | 2,221,000 | 2,131,000 |
| Securities available for sale | 10,499,000 | 10,432,000 | 10,630,000 | 10,973,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,024,000 | 171,878,000 | 166,801,000 | 170,914,000 |
| Interest-bearing deposits | 140,062,000 | 141,824,000 | 139,200,000 | 146,114,000 |
| Noninterest-bearing deposits | 32,962,000 | 30,054,000 | 27,601,000 | 24,800,000 |
| Equity capital | 14,409,000 | 14,848,000 | 14,978,000 | 15,626,000 |
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 | 2,209,000 | 4,628,000 | 7,139,000 | 9,805,000 |
| Interest expense | 589,000 | 1,367,000 | 2,255,000 | 3,284,000 |
| Net interest income | 1,620,000 | 3,261,000 | 4,884,000 | 6,521,000 |
| Noninterest income | 210,000 | 470,000 | 631,000 | 821,000 |
| Noninterest expense | 1,346,000 | 2,722,000 | 4,085,000 | 5,375,000 |
| Provision for loan losses | 122,000 | 199,000 | 226,000 | 89,000 |
| Pretax income | 362,000 | 810,000 | 1,204,000 | 1,788,000 |
| Income tax | 87,000 | 68,000 | 141,000 | 282,000 |
| Net income | 275,000 | 742,000 | 1,063,000 | 1,506,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,433,000 | 15,892,000 | 16,207,000 | 16,535,000 |
| Total capital | — | 18,033,000 | 18,352,000 | 18,753,000 |
| Risk-weighted assets | — | 171,298,000 | 171,527,000 | 177,511,000 |