Call reports 2023
WATERFORD COMMERCIAL AND SAVINGS BANK, THE — 2023
What WATERFORD COMMERCIAL AND SAVINGS BANK, THE 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 | 57,628,000 | 57,024,000 | 57,087,000 | 57,735,000 |
| Total loans | 31,752,000 | 31,469,000 | 33,355,000 | 34,390,000 |
| Allowance for loan losses | 368,000 | 368,000 | 363,000 | 363,000 |
| Securities available for sale | 17,665,000 | 17,434,000 | 17,348,000 | 17,367,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,475,000 | 49,987,000 | 51,063,000 | 50,804,000 |
| Interest-bearing deposits | 36,642,000 | 36,576,000 | 37,813,000 | 37,242,000 |
| Noninterest-bearing deposits | 13,833,000 | 13,411,000 | 13,250,000 | 13,562,000 |
| Equity capital | 5,993,000 | 5,853,000 | 5,841,000 | 6,246,000 |
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 | 487,000 | 1,008,000 | 1,550,000 | 2,134,000 |
| Interest expense | 52,000 | 154,000 | 277,000 | 415,000 |
| Net interest income | 435,000 | 854,000 | 1,273,000 | 1,719,000 |
| Noninterest income | 90,000 | 185,000 | 278,000 | 371,000 |
| Noninterest expense | 442,000 | 886,000 | 1,314,000 | 1,806,000 |
| Provision for loan losses | 3,000 | 3,000 | 3,000 | 3,000 |
| Pretax income | 84,000 | 158,000 | 241,000 | 296,000 |
| Income tax | 14,000 | 28,000 | 41,000 | 50,000 |
| Net income | 70,000 | 130,000 | 200,000 | 246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,276,000 | 7,307,000 | 7,347,000 | 7,362,000 |