Call reports 2023
FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA — 2023
What FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 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 | 205,332,000 | 210,392,000 | 216,896,000 | 219,507,000 |
| Total loans | 177,102,000 | 182,227,000 | 186,530,000 | 191,177,000 |
| Allowance for loan losses | 766,000 | 797,000 | 828,000 | 853,000 |
| Securities available for sale | 7,097,000 | 2,586,000 | 2,346,000 | 2,431,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 153,553,000 | 156,316,000 | 159,407,000 | 169,700,000 |
| Interest-bearing deposits | 134,715,000 | 138,236,000 | 140,020,000 | 151,196,000 |
| Noninterest-bearing deposits | 18,838,000 | 18,080,000 | 19,387,000 | 18,504,000 |
| Equity capital | 29,937,000 | 30,299,000 | 30,683,000 | 30,496,000 |
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 | 2,419,000 | 4,987,000 | 7,730,000 | 10,718,000 |
| Interest expense | 332,000 | 842,000 | 1,518,000 | 2,308,000 |
| Net interest income | 2,087,000 | 4,145,000 | 6,212,000 | 8,410,000 |
| Noninterest income | 180,000 | 367,000 | 619,000 | 795,000 |
| Noninterest expense | 1,794,000 | 3,541,000 | 5,301,000 | 8,003,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 443,000 | 911,000 | 1,440,000 | 1,082,000 |
| Income tax | 105,000 | 206,000 | 327,000 | 225,000 |
| Net income | 338,000 | 705,000 | 1,113,000 | 857,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,650,000 | 30,006,000 | 30,433,000 | 29,968,000 |