Call reports 2023
WEST POINT BANK — 2023
What WEST POINT 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 | 416,629,000 | 427,064,000 | 449,792,000 | 473,127,000 |
| Total loans | 307,111,000 | 318,362,000 | 345,667,000 | 363,052,000 |
| Allowance for loan losses | 1,405,000 | 1,396,000 | 1,533,000 | 1,770,000 |
| Securities available for sale | 82,873,000 | 80,151,000 | 75,168,000 | 79,927,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 338,040,000 | 341,062,000 | 344,498,000 | 366,819,000 |
| Interest-bearing deposits | 268,003,000 | 267,377,000 | 268,166,000 | 292,116,000 |
| Noninterest-bearing deposits | 70,037,000 | 73,685,000 | 76,332,000 | 74,703,000 |
| Equity capital | 28,810,000 | 27,689,000 | 25,568,000 | 29,733,000 |
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 | 4,579,000 | 9,645,000 | 15,256,000 | 21,495,000 |
| Interest expense | 2,604,000 | 5,639,000 | 9,023,000 | 13,015,000 |
| Net interest income | 1,975,000 | 4,006,000 | 6,233,000 | 8,480,000 |
| Noninterest income | 235,000 | 479,000 | 1,425,000 | 1,741,000 |
| Noninterest expense | 1,728,000 | 3,674,000 | 5,500,000 | 7,523,000 |
| Provision for loan losses | -5,000 | -15,000 | 121,000 | 357,000 |
| Pretax income | 478,000 | 933,000 | 2,132,000 | 2,441,000 |
| Income tax | 105,000 | 135,000 | 488,000 | 455,000 |
| Net income | 373,000 | 798,000 | 1,644,000 | 1,986,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,451,000 | 38,676,000 | 39,272,000 | 39,414,000 |
| Total capital | 39,921,000 | 40,147,000 | 40,892,000 | 41,266,000 |
| Risk-weighted assets | 302,541,000 | 311,368,000 | 335,398,000 | 346,051,000 |