Call reports 2023
FIRST BANK ELK RIVER — 2023
What FIRST BANK ELK RIVER 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 | 346,961,000 | 355,960,000 | 343,726,000 | 356,668,000 |
| Total loans | 243,412,000 | 251,189,000 | 246,580,000 | 256,101,000 |
| Allowance for loan losses | 2,349,000 | 2,395,000 | 2,394,000 | 2,459,000 |
| Securities available for sale | 84,297,000 | 81,330,000 | 75,166,000 | 79,527,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,020,000 | 275,472,000 | 280,206,000 | 264,068,000 |
| Interest-bearing deposits | 165,550,000 | 174,611,000 | 180,303,000 | 179,734,000 |
| Noninterest-bearing deposits | 120,470,000 | 100,861,000 | 99,903,000 | 84,334,000 |
| Equity capital | 19,347,000 | 18,915,000 | 15,021,000 | 21,034,000 |
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 | 3,302,000 | 6,678,000 | 10,145,000 | 13,510,000 |
| Interest expense | 186,000 | 847,000 | 1,709,000 | 2,597,000 |
| Net interest income | 3,116,000 | 5,831,000 | 8,436,000 | 10,913,000 |
| Noninterest income | 358,000 | 745,000 | 1,147,000 | 1,489,000 |
| Noninterest expense | 2,485,000 | 4,784,000 | 6,978,000 | 9,098,000 |
| Provision for loan losses | 0 | 45,000 | 45,000 | 110,000 |
| Pretax income | 989,000 | 1,743,000 | 2,556,000 | 3,248,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 989,000 | 1,743,000 | 2,556,000 | 3,248,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,157,000 | 33,910,000 | 34,223,000 | 34,916,000 |
| Total capital | 35,731,000 | 36,533,000 | 36,845,000 | 37,546,000 |
| Risk-weighted assets | 289,174,000 | 298,821,000 | 295,426,000 | 303,152,000 |