Call reports 2023
NORTHERN STATE BANK — 2023
What NORTHERN STATE 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 | 313,296,000 | 313,593,000 | 311,297,000 | 322,727,000 |
| Total loans | 149,599,000 | 154,984,000 | 158,232,000 | 159,429,000 |
| Allowance for loan losses | 1,373,000 | 1,307,000 | 1,310,000 | 1,316,000 |
| Securities available for sale | 77,167,000 | 76,152,000 | 79,146,000 | 86,603,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,175,000 | 290,147,000 | 287,485,000 | 295,704,000 |
| Interest-bearing deposits | 251,283,000 | 247,175,000 | 246,415,000 | 250,830,000 |
| Noninterest-bearing deposits | 38,892,000 | 42,972,000 | 41,070,000 | 44,874,000 |
| Equity capital | 22,816,000 | 22,936,000 | 23,189,000 | 26,688,000 |
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 | 2,822,000 | 5,792,000 | 9,072,000 | 12,366,000 |
| Interest expense | 263,000 | 626,000 | 1,088,000 | 1,595,000 |
| Net interest income | 2,559,000 | 5,166,000 | 7,984,000 | 10,771,000 |
| Noninterest income | 294,000 | 544,000 | 714,000 | 1,064,000 |
| Noninterest expense | 1,463,000 | 3,087,000 | 4,642,000 | 6,229,000 |
| Provision for loan losses | 0 | 0 | 20,000 | 80,000 |
| Pretax income | 1,390,000 | 2,623,000 | 4,036,000 | 5,526,000 |
| Income tax | 11,000 | 20,000 | 29,000 | 38,000 |
| Net income | 1,379,000 | 2,603,000 | 4,007,000 | 5,488,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,482,000 | 26,905,000 | 27,510,000 | 27,992,000 |
| Total capital | 27,855,000 | 28,212,000 | 28,821,000 | 29,309,000 |
| Risk-weighted assets | 141,981,000 | 153,275,000 | 162,051,000 | 163,095,000 |