Call reports 2023
FIRST FEDERAL BANK — 2023
What FIRST FEDERAL 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 | 260,061,000 | 252,065,000 | 253,807,000 | 255,605,000 |
| Total loans | 185,445,000 | 180,379,000 | 180,875,000 | 184,376,000 |
| Allowance for loan losses | 2,011,000 | 2,012,000 | 2,007,000 | 2,012,000 |
| Securities available for sale | 52,858,000 | 51,487,000 | 48,239,000 | 51,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 232,830,000 | 232,916,000 | 235,078,000 | 230,929,000 |
| Interest-bearing deposits | 179,222,000 | 177,542,000 | 179,949,000 | 174,907,000 |
| Noninterest-bearing deposits | 53,608,000 | 55,374,000 | 55,129,000 | 56,022,000 |
| Equity capital | 14,860,000 | 14,443,000 | 12,738,000 | 15,614,000 |
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 | 2,566,000 | 5,077,000 | 7,626,000 | 10,265,000 |
| Interest expense | 570,000 | 1,238,000 | 2,025,000 | 2,906,000 |
| Net interest income | 1,996,000 | 3,839,000 | 5,601,000 | 7,359,000 |
| Noninterest income | 225,000 | 461,000 | 691,000 | 917,000 |
| Noninterest expense | 1,909,000 | 3,946,000 | 5,856,000 | 7,801,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 312,000 | 354,000 | 436,000 | 475,000 |
| Income tax | 84,000 | -58,000 | -36,000 | -25,000 |
| Net income | 228,000 | 412,000 | 472,000 | 500,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,800,000 | 24,171,000 | 24,231,000 | 24,259,000 |
| Total capital | 25,765,000 | 26,031,000 | 26,106,000 | 26,157,000 |
| Risk-weighted assets | 157,210,000 | 148,700,000 | 149,920,000 | 151,795,000 |