Call reports 2023
RARITAN STATE BANK — 2023
What RARITAN STATE 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 | 235,478,000 | 238,427,000 | 241,291,000 | 254,604,000 |
| Total loans | 147,834,000 | 152,284,000 | 159,605,000 | 163,105,000 |
| Allowance for loan losses | 1,578,000 | 1,584,000 | 1,592,000 | 1,639,000 |
| Securities available for sale | 68,652,000 | 67,386,000 | 64,867,000 | 62,618,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,943,000 | 216,690,000 | 214,330,000 | 231,288,000 |
| Interest-bearing deposits | 181,360,000 | 184,189,000 | 182,567,000 | 191,713,000 |
| Noninterest-bearing deposits | 32,583,000 | 32,501,000 | 31,762,000 | 39,575,000 |
| Equity capital | 21,208,000 | 21,433,000 | 21,417,000 | 23,013,000 |
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 | 2,228,000 | 4,688,000 | 7,298,000 | 10,094,000 |
| Interest expense | 523,000 | 1,310,000 | 2,215,000 | 3,329,000 |
| Net interest income | 1,705,000 | 3,378,000 | 5,083,000 | 6,765,000 |
| Noninterest income | 121,000 | 268,000 | 427,000 | 568,000 |
| Noninterest expense | 1,135,000 | 2,198,000 | 3,290,000 | 4,445,000 |
| Provision for loan losses | 0 | 0 | 0 | 80,000 |
| Pretax income | 691,000 | 1,448,000 | 2,220,000 | 2,808,000 |
| Income tax | 195,000 | 372,000 | 571,000 | 716,000 |
| Net income | 496,000 | 1,076,000 | 1,649,000 | 2,092,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,912,000 | 25,137,000 | 25,987,000 | 26,007,000 |