Call reports 2023
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEWARK — 2023
What FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEWARK 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 | 261,420,000 | 258,904,000 | 265,790,000 | 268,770,000 |
| Total loans | 173,959,000 | 176,748,000 | 182,122,000 | 190,819,000 |
| Allowance for loan losses | 1,236,000 | 1,244,000 | 1,269,000 | 1,318,000 |
| Securities available for sale | 21,608,000 | 20,742,000 | 19,513,000 | 19,859,000 |
| Securities held to maturity | 33,656,000 | 32,959,000 | 32,306,000 | 31,882,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 221,463,000 | 218,886,000 | 226,487,000 | 228,906,000 |
| Interest-bearing deposits | 204,447,000 | 204,737,000 | 210,817,000 | 211,942,000 |
| Noninterest-bearing deposits | 17,016,000 | 14,149,000 | 15,670,000 | 16,964,000 |
| Equity capital | 36,260,000 | 36,416,000 | 35,952,000 | 36,645,000 |
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 | 2,568,000 | 5,313,000 | 8,227,000 | 11,388,000 |
| Interest expense | 910,000 | 2,114,000 | 3,445,000 | 4,930,000 |
| Net interest income | 1,658,000 | 3,199,000 | 4,782,000 | 6,458,000 |
| Noninterest income | 276,000 | 913,000 | 1,151,000 | 1,375,000 |
| Noninterest expense | 1,729,000 | 3,475,000 | 5,247,000 | 6,971,000 |
| Provision for loan losses | 16,000 | 24,000 | 50,000 | 101,000 |
| Pretax income | 201,000 | 603,000 | 618,000 | 759,000 |
| Income tax | 33,000 | 151,000 | 147,000 | 167,000 |
| Net income | 168,000 | 452,000 | 471,000 | 592,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,866,000 | 39,148,000 | 39,169,000 | 39,290,000 |