Call reports 2023
COMMENCEMENT BANK — 2023
What COMMENCEMENT 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 | 582,638,000 | 615,198,000 | 578,646,000 | 585,965,000 |
| Total loans | 435,102,000 | 435,317,000 | 437,186,000 | 443,085,000 |
| Allowance for loan losses | 5,034,000 | 5,166,000 | 5,281,000 | 5,690,000 |
| Securities available for sale | 110,514,000 | 106,222,000 | 101,477,000 | 101,290,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 517,280,000 | 562,376,000 | 506,518,000 | 531,248,000 |
| Interest-bearing deposits | 380,729,000 | 422,693,000 | 362,158,000 | 376,168,000 |
| Noninterest-bearing deposits | 136,550,000 | 139,683,000 | 144,360,000 | 155,080,000 |
| Equity capital | 49,270,000 | 48,273,000 | 47,368,000 | 49,939,000 |
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 | 6,046,000 | 12,676,000 | 19,391,000 | 26,402,000 |
| Interest expense | 1,609,000 | 3,756,000 | 5,768,000 | 8,079,000 |
| Net interest income | 4,437,000 | 8,920,000 | 13,623,000 | 18,323,000 |
| Noninterest income | 333,000 | 697,000 | 988,000 | 1,327,000 |
| Noninterest expense | 3,855,000 | 7,821,000 | 11,880,000 | 15,932,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 915,000 | 1,796,000 | 2,731,000 | 3,718,000 |
| Income tax | 165,000 | 322,000 | 492,000 | 630,000 |
| Net income | 750,000 | 1,474,000 | 2,239,000 | 3,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,478,000 | 59,132,000 | 60,026,000 | 60,981,000 |
| Total capital | 63,673,000 | 64,522,000 | 65,522,000 | 66,729,000 |
| Risk-weighted assets | 449,676,000 | 454,121,000 | 453,687,000 | 459,689,000 |