Call reports 2023
NEEDHAM BANK — 2023
What NEEDHAM 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 | 3,716,578,000 | 4,028,702,000 | 4,231,912,000 | 4,389,594,000 |
| Total loans | 3,214,130,000 | 3,521,599,000 | 3,715,272,000 | 3,889,331,000 |
| Allowance for loan losses | 27,931,000 | 31,473,000 | 31,889,000 | 32,222,000 |
| Securities available for sale | 233,917,000 | 202,977,000 | 185,943,000 | 179,596,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,144,914,000 | 3,265,584,000 | 3,440,819,000 | 3,439,724,000 |
| Interest-bearing deposits | 2,624,172,000 | 2,719,108,000 | 2,866,605,000 | 2,856,914,000 |
| Noninterest-bearing deposits | 520,742,000 | 546,476,000 | 574,214,000 | 582,810,000 |
| Equity capital | 351,700,000 | 356,887,000 | 365,615,000 | 576,481,000 |
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 | 46,015,000 | 98,270,000 | 157,867,000 | 221,928,000 |
| Interest expense | 14,799,000 | 35,307,000 | 61,420,000 | 90,444,000 |
| Net interest income | 31,216,000 | 62,963,000 | 96,447,000 | 131,484,000 |
| Noninterest income | 5,599,000 | 8,441,000 | 11,321,000 | 13,989,000 |
| Noninterest expense | 22,859,000 | 44,949,000 | 67,881,000 | 100,865,000 |
| Provision for loan losses | 2,072,000 | 6,030,000 | 7,994,000 | 9,656,000 |
| Pretax income | 11,981,000 | 20,436,000 | 32,005,000 | 30,724,000 |
| Income tax | 3,229,000 | 5,459,000 | 8,561,000 | 7,337,000 |
| Net income | 8,752,000 | 14,977,000 | 23,444,000 | 23,387,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 364,050,000 | 370,302,000 | 378,796,000 | 587,495,000 |
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