Call reports 2023
FIRST NATIONAL BANK, CORTEZ — 2023
What FIRST NATIONAL BANK, CORTEZ 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 | 125,154,000 | 131,605,000 | 133,947,000 | 133,997,000 |
| Total loans | 74,660,000 | 78,928,000 | 80,519,000 | 84,793,000 |
| Allowance for loan losses | 1,009,000 | 1,035,000 | 1,051,000 | 1,101,000 |
| Securities available for sale | 22,085,000 | 22,201,000 | 21,023,000 | 23,190,000 |
| Securities held to maturity | 16,501,000 | 16,751,000 | 16,756,000 | 15,590,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,220,000 | 115,568,000 | 113,908,000 | 107,645,000 |
| Interest-bearing deposits | 75,220,000 | 79,204,000 | 75,226,000 | 73,420,000 |
| Noninterest-bearing deposits | 38,000,000 | 36,364,000 | 38,682,000 | 34,225,000 |
| Equity capital | 11,251,000 | 11,358,000 | 11,291,000 | 12,349,000 |
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 | 1,308,000 | 2,699,000 | 4,190,000 | 5,923,000 |
| Interest expense | 71,000 | 194,000 | 411,000 | 757,000 |
| Net interest income | 1,237,000 | 2,505,000 | 3,779,000 | 5,166,000 |
| Noninterest income | 117,000 | 241,000 | 325,000 | 448,000 |
| Noninterest expense | 879,000 | 1,742,000 | 2,613,000 | 3,575,000 |
| Provision for loan losses | 25,000 | 55,000 | 115,000 | 165,000 |
| Pretax income | 450,000 | 949,000 | 1,376,000 | 1,874,000 |
| Income tax | 102,000 | 219,000 | 318,000 | 435,000 |
| Net income | 348,000 | 730,000 | 1,058,000 | 1,439,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,151,000 | 13,532,000 | 13,861,000 | 14,242,000 |
| Total capital | 14,203,000 | 14,612,000 | 14,957,000 | 15,388,000 |
| Risk-weighted assets | 84,133,000 | 88,327,000 | 89,256,000 | 92,163,000 |