Call reports 2023
SANDY SPRING BANK — 2023
What SANDY SPRING 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 | 14,126,844,000 | 13,987,426,000 | 14,130,489,000 | 14,022,860,000 |
| Total loans | 11,411,503,000 | 11,391,116,000 | 11,319,528,000 | 11,377,825,000 |
| Allowance for loan losses | 117,610,000 | 120,284,000 | 123,357,000 | 120,861,000 |
| Securities available for sale | 1,195,728,000 | 1,143,688,000 | 1,075,089,000 | 1,102,681,000 |
| Securities held to maturity | 254,219,000 | 247,814,000 | 241,464,000 | 236,165,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,158,404,000 | 11,041,547,000 | 11,238,070,000 | 11,120,904,000 |
| Interest-bearing deposits | 7,929,718,000 | 7,961,644,000 | 8,224,157,000 | 8,206,736,000 |
| Noninterest-bearing deposits | 3,228,686,000 | 3,079,903,000 | 3,013,913,000 | 2,914,168,000 |
| Equity capital | 1,820,165,000 | 1,821,899,000 | 1,819,567,000 | 1,831,552,000 |
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 | 151,344,000 | 309,489,000 | 471,899,000 | 637,513,000 |
| Interest expense | 50,537,000 | 114,782,000 | 189,102,000 | 270,382,000 |
| Net interest income | 100,807,000 | 194,707,000 | 282,797,000 | 367,131,000 |
| Noninterest income | 16,247,000 | 33,718,000 | 51,502,000 | 68,326,000 |
| Noninterest expense | 65,934,000 | 134,469,000 | 206,631,000 | 273,361,000 |
| Provision for loan losses | -18,945,000 | -14,491,000 | -11,321,000 | -13,895,000 |
| Pretax income | 72,655,000 | 110,436,000 | 141,784,000 | 179,657,000 |
| Income tax | 18,094,000 | 27,708,000 | 35,372,000 | 44,518,000 |
| Net income | 54,561,000 | 82,728,000 | 106,412,000 | 135,139,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,564,894,000 | 1,577,358,000 | 1,585,958,000 | 1,548,387,000 |
| Total capital | 1,666,436,000 | 1,682,320,000 | 1,694,413,000 | 1,655,050,000 |
| Risk-weighted assets | 12,170,634,000 | 12,136,194,000 | 12,021,213,000 | 11,960,612,000 |