Call reports 2023
SOUND BANKING COMPANY — 2023
What SOUND BANKING COMPANY 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 | 52,605,000 | 48,446,000 | 50,747,000 | 44,474,000 |
| Total loans | 37,500,000 | 38,680,000 | 38,357,000 | 37,870,000 |
| Allowance for loan losses | 634,000 | 634,000 | 634,000 | 634,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,341,000 | 42,554,000 | 44,470,000 | 37,015,000 |
| Interest-bearing deposits | 30,438,000 | 26,902,000 | 27,081,000 | 27,340,000 |
| Noninterest-bearing deposits | 15,903,000 | 15,652,000 | 17,389,000 | 9,675,000 |
| Equity capital | 6,146,000 | 5,725,000 | 6,055,000 | 5,577,000 |
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 | 840,000 | 1,610,000 | 2,396,000 | 3,196,000 |
| Interest expense | 33,000 | 106,000 | 222,000 | 364,000 |
| Net interest income | 807,000 | 1,504,000 | 2,174,000 | 2,832,000 |
| Noninterest income | 45,000 | 93,000 | 143,000 | 231,000 |
| Noninterest expense | 399,000 | 798,000 | 1,188,000 | 1,972,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 453,000 | 799,000 | 1,129,000 | 1,091,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 453,000 | 799,000 | 1,129,000 | 1,091,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,146,000 | 5,725,000 | 6,055,000 | 5,577,000 |
| Total capital | 6,614,000 | 6,192,000 | 6,522,000 | 6,063,000 |
| Risk-weighted assets | 37,269,000 | 37,196,000 | 37,196,000 | 38,749,000 |