Call reports 2023
NATIONAL GRAND BANK OF MARBLEHEAD — 2023
What NATIONAL GRAND BANK OF MARBLEHEAD 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 | 411,843,000 | 412,855,000 | 418,115,000 | 423,181,000 |
| Total loans | 301,078,000 | 302,549,000 | 311,091,000 | 309,670,000 |
| Allowance for loan losses | 1,881,000 | 1,850,000 | 1,305,000 | 1,338,000 |
| Securities available for sale | 80,399,000 | 77,854,000 | 73,213,000 | 79,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 365,804,000 | 346,525,000 | 358,685,000 | 354,925,000 |
| Interest-bearing deposits | 232,862,000 | 226,867,000 | 245,340,000 | 244,087,000 |
| Noninterest-bearing deposits | 132,942,000 | 119,658,000 | 113,345,000 | 110,838,000 |
| Equity capital | 37,008,000 | 36,390,000 | 34,191,000 | 38,155,000 |
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 | 3,531,000 | 7,098,000 | 10,864,000 | 14,780,000 |
| Interest expense | 833,000 | 2,093,000 | 3,732,000 | 5,587,000 |
| Net interest income | 2,698,000 | 5,005,000 | 7,132,000 | 9,193,000 |
| Noninterest income | 306,000 | 648,000 | 974,000 | 1,313,000 |
| Noninterest expense | 1,882,000 | 3,965,000 | 5,847,000 | 7,684,000 |
| Provision for loan losses | 0 | -24,000 | -573,000 | -531,000 |
| Pretax income | 1,122,000 | 1,712,000 | 2,832,000 | 3,414,000 |
| Income tax | 249,000 | 349,000 | 599,000 | 714,000 |
| Net income | 873,000 | 1,363,000 | 2,233,000 | 2,700,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,134,000 | 44,103,000 | 44,421,000 | 44,630,000 |