Call reports 2023
APPLIED BANK — 2023
What APPLIED 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 | 232,989,000 | 214,266,000 | 207,017,000 | 218,859,000 |
| Total loans | 47,345,000 | 45,613,000 | 46,978,000 | 47,932,000 |
| Allowance for loan losses | 339,000 | 296,000 | 298,000 | 300,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,412,000 | 168,861,000 | 159,536,000 | 178,054,000 |
| Interest-bearing deposits | 113,554,000 | 108,412,000 | 98,352,000 | 90,549,000 |
| Noninterest-bearing deposits | 76,858,000 | 60,449,000 | 61,184,000 | 87,505,000 |
| Equity capital | 41,847,000 | 44,295,000 | 46,530,000 | 40,058,000 |
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 | 2,897,000 | 6,162,000 | 9,297,000 | 12,468,000 |
| Interest expense | 13,000 | 27,000 | 40,000 | 50,000 |
| Net interest income | 2,884,000 | 6,135,000 | 9,257,000 | 12,418,000 |
| Noninterest income | 815,000 | 1,628,000 | 2,452,000 | 3,114,000 |
| Noninterest expense | 1,582,000 | 3,115,000 | 4,711,000 | 6,133,000 |
| Provision for loan losses | 33,000 | -9,000 | -8,000 | -3,000 |
| Pretax income | 2,084,000 | 4,657,000 | 7,006,000 | 9,402,000 |
| Income tax | 102,000 | 227,000 | 341,000 | 459,000 |
| Net income | 1,982,000 | 4,430,000 | 6,665,000 | 8,943,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,847,000 | 44,296,000 | 46,530,000 | 40,058,000 |
| Total capital | 42,186,000 | 44,593,000 | 46,828,000 | 40,379,000 |
| Risk-weighted assets | 54,016,000 | 50,587,000 | 48,635,000 | 50,726,000 |