Call reports 2023
BRIDGEWATER BANK — 2023
What BRIDGEWATER 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 | 4,596,551,000 | 4,594,603,000 | 4,548,011,000 | 4,607,566,000 |
| Total loans | 3,675,625,000 | 3,728,493,000 | 3,715,049,000 | 3,717,709,000 |
| Allowance for loan losses | 50,148,000 | 50,701,000 | 50,585,000 | 50,494,000 |
| Securities available for sale | 556,690,000 | 535,970,000 | 550,212,000 | 604,104,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,447,375,000 | 3,608,662,000 | 3,704,501,000 | 3,737,496,000 |
| Interest-bearing deposits | 2,668,925,000 | 2,826,715,000 | 2,921,212,000 | 2,952,984,000 |
| Noninterest-bearing deposits | 778,450,000 | 781,947,000 | 783,289,000 | 784,512,000 |
| Equity capital | 454,892,000 | 463,402,000 | 471,933,000 | 488,355,000 |
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 | 51,954,000 | 106,918,000 | 163,686,000 | 222,197,000 |
| Interest expense | 22,179,000 | 50,030,000 | 80,119,000 | 112,055,000 |
| Net interest income | 29,775,000 | 56,888,000 | 83,567,000 | 110,142,000 |
| Noninterest income | 2,045,000 | 3,382,000 | 5,182,000 | 6,561,000 |
| Noninterest expense | 14,182,000 | 28,565,000 | 44,023,000 | 59,175,000 |
| Provision for loan losses | 1,500,000 | 2,050,000 | 2,050,000 | 2,050,000 |
| Pretax income | 16,957,000 | 31,024,000 | 44,645,000 | 57,697,000 |
| Income tax | 4,526,000 | 8,044,000 | 11,268,000 | 14,426,000 |
| Net income | 12,431,000 | 22,980,000 | 33,377,000 | 43,271,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 469,904,000 | 481,459,000 | 492,861,000 | 503,787,000 |
| Total capital | 521,610,000 | 533,123,000 | 543,914,000 | 554,269,000 |
| Risk-weighted assets | 4,133,677,000 | 4,130,218,000 | 4,081,487,000 | 4,081,603,000 |