Call reports 2023
LAKE RIDGE BANK — 2023
What LAKE RIDGE 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 | 2,867,326,000 | 2,926,892,000 | 2,946,772,000 | 3,009,469,000 |
| Total loans | 2,264,583,000 | 2,328,463,000 | 2,364,554,000 | 2,417,430,000 |
| Allowance for loan losses | 24,432,000 | 24,372,000 | 24,219,000 | 23,996,000 |
| Securities available for sale | 357,362,000 | 336,192,000 | 314,452,000 | 323,934,000 |
| Securities held to maturity | 5,714,000 | 5,723,000 | 5,733,000 | 5,743,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,328,151,000 | 2,226,173,000 | 2,294,123,000 | 2,426,087,000 |
| Interest-bearing deposits | 1,705,802,000 | 1,651,295,000 | 1,735,112,000 | 1,866,673,000 |
| Noninterest-bearing deposits | 622,349,000 | 574,878,000 | 559,011,000 | 559,414,000 |
| Equity capital | 293,504,000 | 291,142,000 | 283,406,000 | 300,792,000 |
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 | 31,753,000 | 65,615,000 | 101,167,000 | 137,954,000 |
| Interest expense | 9,796,000 | 23,657,000 | 40,903,000 | 59,564,000 |
| Net interest income | 21,957,000 | 41,958,000 | 60,264,000 | 78,390,000 |
| Noninterest income | 4,402,000 | 9,046,000 | 13,747,000 | 18,268,000 |
| Noninterest expense | 21,681,000 | 39,814,000 | 57,417,000 | 72,691,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 4,685,000 | 11,216,000 | 16,607,000 | 24,000,000 |
| Income tax | 944,000 | 2,408,000 | 3,101,000 | 4,441,000 |
| Net income | 3,741,000 | 8,808,000 | 13,506,000 | 19,559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 262,343,000 | 263,589,000 | 267,467,000 | 270,691,000 |
| Total capital | 288,475,000 | 289,662,000 | 293,386,000 | 296,387,000 |
| Risk-weighted assets | 2,509,181,000 | 2,642,044,000 | 2,645,604,000 | 2,658,517,000 |