Call reports 2023
BANK OF SALEM — 2023
What BANK OF SALEM 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 | 178,945,000 | 176,778,000 | 178,453,000 | 180,944,000 |
| Total loans | 124,834,000 | 127,267,000 | 129,263,000 | 133,120,000 |
| Allowance for loan losses | 2,401,000 | 2,410,000 | 2,431,000 | 2,450,000 |
| Securities available for sale | 16,455,000 | 13,360,000 | 12,736,000 | 13,180,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 159,285,000 | 157,636,000 | 159,020,000 | 160,522,000 |
| Interest-bearing deposits | 115,496,000 | 114,002,000 | 116,317,000 | 114,690,000 |
| Noninterest-bearing deposits | 43,789,000 | 43,634,000 | 42,703,000 | 45,832,000 |
| Equity capital | 19,449,000 | 18,946,000 | 19,173,000 | 20,225,000 |
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 | 2,201,000 | 4,568,000 | 7,022,000 | 9,664,000 |
| Interest expense | 542,000 | 1,173,000 | 1,872,000 | 2,664,000 |
| Net interest income | 1,659,000 | 3,395,000 | 5,150,000 | 7,000,000 |
| Noninterest income | 253,000 | 497,000 | 766,000 | 1,018,000 |
| Noninterest expense | 1,062,000 | 2,192,000 | 3,287,000 | 4,735,000 |
| Provision for loan losses | 0 | 8,000 | 27,000 | 50,000 |
| Pretax income | 850,000 | 1,692,000 | 2,602,000 | 3,233,000 |
| Income tax | 43,000 | 83,000 | 123,000 | 143,000 |
| Net income | 807,000 | 1,609,000 | 2,479,000 | 3,090,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,482,000 | 20,053,000 | 20,407,000 | 21,018,000 |