Call reports 2023
COMMONWEALTH COOPERATIVE BANK — 2023
What COMMONWEALTH COOPERATIVE 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 | 217,143,000 | 214,387,000 | 206,987,000 | 205,876,000 |
| Total loans | 136,561,000 | 139,381,000 | 139,751,000 | 134,402,000 |
| Allowance for loan losses | 803,000 | 878,000 | 777,000 | 777,000 |
| Securities available for sale | 49,317,000 | 47,625,000 | 42,159,000 | 44,520,000 |
| Securities held to maturity | 10,034,000 | 10,026,000 | 10,021,000 | 10,018,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,578,000 | 136,954,000 | 136,739,000 | 133,293,000 |
| Interest-bearing deposits | 126,210,000 | 113,907,000 | 114,255,000 | 110,877,000 |
| Noninterest-bearing deposits | 24,368,000 | 23,047,000 | 22,484,000 | 22,416,000 |
| Equity capital | 25,466,000 | 25,042,000 | 23,531,000 | 25,979,000 |
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 | 2,302,000 | 4,735,000 | 7,225,000 | 9,671,000 |
| Interest expense | 742,000 | 1,676,000 | 2,716,000 | 3,781,000 |
| Net interest income | 1,560,000 | 3,059,000 | 4,509,000 | 5,890,000 |
| Noninterest income | 83,000 | 140,000 | 195,000 | 250,000 |
| Noninterest expense | 1,227,000 | 2,465,000 | 3,685,000 | 4,871,000 |
| Provision for loan losses | 0 | 75,000 | 75,000 | 75,000 |
| Pretax income | 416,000 | 659,000 | 940,000 | 1,190,000 |
| Income tax | 94,000 | 137,000 | 234,000 | 295,000 |
| Net income | 322,000 | 522,000 | 706,000 | 895,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,648,000 | 31,848,000 | 32,134,000 | 32,321,000 |