Call reports 2023
PORTAGE BANK — 2023
What PORTAGE 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 | 71,112,000 | 71,009,000 | 68,217,000 | 64,717,000 |
| Total loans | 57,169,000 | 56,697,000 | 56,238,000 | 53,037,000 |
| Allowance for loan losses | 581,000 | 605,000 | 630,000 | 636,000 |
| Securities available for sale | 4,750,000 | 4,881,000 | 4,783,000 | 4,905,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,363,000 | 53,458,000 | 53,910,000 | 50,657,000 |
| Interest-bearing deposits | 47,090,000 | 44,432,000 | 50,586,000 | 47,871,000 |
| Noninterest-bearing deposits | 4,273,000 | 9,026,000 | 3,324,000 | 2,786,000 |
| Equity capital | 5,592,000 | 6,439,000 | 6,524,000 | 6,750,000 |
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 | 1,127,000 | 2,334,000 | 3,579,000 | 4,759,000 |
| Interest expense | 309,000 | 740,000 | 1,212,000 | 1,648,000 |
| Net interest income | 818,000 | 1,594,000 | 2,367,000 | 3,111,000 |
| Noninterest income | 158,000 | 233,000 | 365,000 | 471,000 |
| Noninterest expense | 629,000 | 1,220,000 | 1,879,000 | 2,522,000 |
| Provision for loan losses | 70,000 | 94,000 | 120,000 | 143,000 |
| Pretax income | 277,000 | 513,000 | 733,000 | 917,000 |
| Income tax | 60,000 | 109,000 | 158,000 | 195,000 |
| Net income | 217,000 | 404,000 | 575,000 | 722,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,980,000 | 6,858,000 | 6,987,000 | 7,093,000 |
| Total capital | 6,551,000 | 7,441,000 | 7,563,000 | 7,643,000 |
| Risk-weighted assets | 45,704,000 | 46,622,000 | 46,001,000 | 43,882,000 |
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