Call reports 2023
COASTAL CAROLINA NATIONAL BANK — 2023
What COASTAL CAROLINA NATIONAL 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 | 867,116,000 | 907,501,000 | 916,421,000 | 935,860,000 |
| Total loans | 685,444,000 | 732,655,000 | 748,466,000 | 763,921,000 |
| Allowance for loan losses | 7,377,000 | 7,603,000 | 7,766,000 | 7,799,000 |
| Securities available for sale | 102,493,000 | 99,835,000 | 96,712,000 | 100,160,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 771,255,000 | 795,548,000 | 828,814,000 | 831,157,000 |
| Interest-bearing deposits | 598,633,000 | 623,043,000 | 646,032,000 | 667,323,000 |
| Noninterest-bearing deposits | 172,622,000 | 172,505,000 | 182,782,000 | 163,834,000 |
| Equity capital | 75,226,000 | 76,632,000 | 77,204,000 | 82,633,000 |
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 | 9,210,000 | 19,448,000 | 30,489,000 | 42,133,000 |
| Interest expense | 1,945,000 | 5,082,000 | 8,826,000 | 13,329,000 |
| Net interest income | 7,265,000 | 14,366,000 | 21,663,000 | 28,804,000 |
| Noninterest income | 408,000 | 904,000 | 1,377,000 | 1,892,000 |
| Noninterest expense | 4,600,000 | 9,243,000 | 14,081,000 | 18,895,000 |
| Provision for loan losses | 238,000 | 464,000 | 627,000 | 660,000 |
| Pretax income | 2,945,000 | 5,728,000 | 8,565,000 | 11,361,000 |
| Income tax | 596,000 | 1,168,000 | 1,743,000 | 2,324,000 |
| Net income | 2,349,000 | 4,560,000 | 6,822,000 | 9,037,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,839,000 | 81,164,000 | 83,556,000 | 85,888,000 |
| Total capital | 86,064,000 | 88,559,000 | 91,046,000 | 93,424,000 |
| Risk-weighted assets | 707,452,000 | 742,771,000 | 748,922,000 | 750,913,000 |