Call reports 2023
BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION — 2023
What BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION 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 | 2,168,367,000 | 2,185,738,000 | 2,211,822,000 | 2,263,321,000 |
| Total loans | 1,782,487,000 | 1,847,876,000 | 1,806,911,000 | 1,849,468,000 |
| Allowance for loan losses | 13,667,000 | 14,980,000 | 15,141,000 | 15,389,000 |
| Securities available for sale | 37,912,000 | 36,338,000 | 35,816,000 | 45,039,000 |
| Securities held to maturity | 101,997,000 | 100,571,000 | 99,636,000 | 98,974,000 |
| Trading assets | 4,575,000 | 5,584,000 | 6,621,000 | 4,922,000 |
| Total deposits | 1,863,038,000 | 1,874,204,000 | 1,892,932,000 | 1,954,334,000 |
| Interest-bearing deposits | 1,503,278,000 | 1,509,840,000 | 1,550,338,000 | 1,565,101,000 |
| Noninterest-bearing deposits | 359,760,000 | 364,364,000 | 342,594,000 | 389,233,000 |
| Equity capital | 224,524,000 | 226,869,000 | 231,811,000 | 230,472,000 |
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 | 26,512,000 | 56,047,000 | 87,259,000 | 119,622,000 |
| Interest expense | 6,380,000 | 15,735,000 | 26,852,000 | 38,919,000 |
| Net interest income | 20,132,000 | 40,312,000 | 60,407,000 | 80,703,000 |
| Noninterest income | 8,170,000 | 15,354,000 | 23,126,000 | 31,516,000 |
| Noninterest expense | 16,075,000 | 32,795,000 | 50,237,000 | 69,513,000 |
| Provision for loan losses | 1,779,000 | 3,425,000 | 3,784,000 | 6,145,000 |
| Pretax income | 11,074,000 | 20,411,000 | 31,045,000 | 38,713,000 |
| Income tax | 2,903,000 | 5,426,000 | 8,273,000 | 10,196,000 |
| Net income | 8,171,000 | 14,985,000 | 22,772,000 | 28,517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 214,795,000 | 222,078,000 | 230,301,000 | 221,548,000 |
| Total capital | 232,472,000 | 240,650,000 | 248,385,000 | 239,374,000 |
| Risk-weighted assets | 2,026,029,000 | 2,062,468,000 | 2,038,222,000 | 2,076,038,000 |