Call reports 2023
STATE BANK OF SOUTHERN UTAH — 2023
What STATE BANK OF SOUTHERN UTAH 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 | 2,271,886,000 | 2,380,023,000 | 2,333,970,000 | 2,377,290,000 |
| Total loans | 1,303,842,000 | 1,344,891,000 | 1,375,989,000 | 1,434,548,000 |
| Allowance for loan losses | 18,149,000 | 18,257,000 | 19,350,000 | 18,490,000 |
| Securities available for sale | 786,780,000 | 797,444,000 | 778,150,000 | 769,468,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,942,585,000 | 1,961,476,000 | 1,925,703,000 | 1,913,056,000 |
| Interest-bearing deposits | 1,341,440,000 | 1,379,528,000 | 1,374,636,000 | 1,391,814,000 |
| Noninterest-bearing deposits | 601,145,000 | 581,948,000 | 551,067,000 | 521,242,000 |
| Equity capital | 185,202,000 | 187,293,000 | 185,609,000 | 208,579,000 |
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 | 21,683,000 | 45,403,000 | 70,435,000 | 97,024,000 |
| Interest expense | 6,006,000 | 14,482,000 | 24,492,000 | 35,857,000 |
| Net interest income | 15,677,000 | 30,921,000 | 45,943,000 | 61,167,000 |
| Noninterest income | 2,975,000 | 6,049,000 | 8,981,000 | 12,277,000 |
| Noninterest expense | 10,978,000 | 22,043,000 | 32,640,000 | 44,243,000 |
| Provision for loan losses | 266,000 | 471,000 | 1,514,000 | 588,000 |
| Pretax income | 7,408,000 | 14,606,000 | 21,010,000 | 28,780,000 |
| Income tax | 2,061,000 | 3,384,000 | 5,094,000 | 6,399,000 |
| Net income | 5,347,000 | 11,222,000 | 15,916,000 | 22,381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 235,925,000 | 241,974,000 | 244,838,000 | 251,579,000 |