Call reports 2023
WAKE FOREST FEDERAL SAVINGS AND LOAN ASSOCIATION — 2023
What WAKE FOREST FEDERAL SAVINGS AND LOAN ASSOCIATION 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 | 117,856,000 | 118,600,000 | 121,193,000 | 122,285,000 |
| Total loans | 69,954,000 | 72,096,000 | 72,201,000 | 74,023,000 |
| Allowance for loan losses | 1,434,000 | 1,434,000 | 1,434,000 | 942,000 |
| Securities available for sale | 4,258,000 | 4,259,000 | 4,281,000 | 4,362,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,291,000 | 90,492,000 | 93,079,000 | 93,987,000 |
| Interest-bearing deposits | 80,549,000 | 86,031,000 | 82,775,000 | 82,900,000 |
| Noninterest-bearing deposits | 9,742,000 | 4,461,000 | 10,304,000 | 11,087,000 |
| Equity capital | 26,250,000 | 26,539,000 | 27,239,000 | 26,757,000 |
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 | 1,368,000 | 2,910,000 | 4,505,000 | 6,185,000 |
| Interest expense | 235,000 | 576,000 | 1,002,000 | 1,499,000 |
| Net interest income | 1,133,000 | 2,334,000 | 3,503,000 | 4,686,000 |
| Noninterest income | 28,000 | 63,000 | 413,000 | 439,000 |
| Noninterest expense | 560,000 | 1,155,000 | 1,778,000 | 3,883,000 |
| Provision for loan losses | 0 | 0 | 0 | 42,000 |
| Pretax income | 601,000 | 1,241,000 | 2,140,000 | 1,204,000 |
| Income tax | 116,000 | 258,000 | 490,000 | 261,000 |
| Net income | 485,000 | 983,000 | 1,650,000 | 943,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,365,000 | 26,673,000 | 27,378,000 | 26,856,000 |