Call reports 2023
HERRING BANK — 2023
What HERRING 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 | 472,531,000 | 486,926,000 | 498,015,000 | 493,111,000 |
| Total loans | 346,853,000 | 355,461,000 | 360,431,000 | 364,814,000 |
| Allowance for loan losses | 3,123,000 | 3,224,000 | 3,211,000 | 3,188,000 |
| Securities available for sale | 36,094,000 | 40,421,000 | 48,728,000 | 33,478,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 417,973,000 | 431,624,000 | 443,394,000 | 436,405,000 |
| Interest-bearing deposits | 242,525,000 | 244,314,000 | 257,840,000 | 269,930,000 |
| Noninterest-bearing deposits | 175,448,000 | 187,310,000 | 185,554,000 | 166,475,000 |
| Equity capital | 50,222,000 | 51,196,000 | 49,151,000 | 53,180,000 |
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 | 6,177,000 | 12,864,000 | 20,195,000 | 27,777,000 |
| Interest expense | 442,000 | 1,324,000 | 2,458,000 | 3,785,000 |
| Net interest income | 5,735,000 | 11,540,000 | 17,737,000 | 23,992,000 |
| Noninterest income | 2,872,000 | 5,798,000 | 9,034,000 | 12,161,000 |
| Noninterest expense | 6,268,000 | 13,285,000 | 23,754,000 | 31,699,000 |
| Provision for loan losses | 139,000 | 305,000 | 443,000 | 558,000 |
| Pretax income | 2,231,000 | 3,748,000 | 2,514,000 | 3,922,000 |
| Income tax | 0 | 0 | 0 | 44,000 |
| Net income | 2,231,000 | 3,748,000 | 2,514,000 | 3,878,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,755,000 | 62,271,000 | 61,038,000 | 62,406,000 |
| Total capital | 63,878,000 | 65,495,000 | 64,249,000 | 65,594,000 |
| Risk-weighted assets | 378,189,000 | 400,246,000 | 388,671,000 | 388,453,000 |