Call reports 2023
ANDOVER BANK, THE — 2023
What ANDOVER BANK, THE 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 | 563,912,000 | 559,286,000 | 550,611,000 | 558,768,000 |
| Total loans | 275,674,000 | 275,178,000 | 275,472,000 | 268,150,000 |
| Allowance for loan losses | 1,691,000 | 1,658,000 | 1,660,000 | 1,660,000 |
| Securities available for sale | 235,940,000 | 231,247,000 | 213,774,000 | 232,160,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 532,678,000 | 529,532,000 | 535,652,000 | 528,324,000 |
| Interest-bearing deposits | 384,796,000 | 383,792,000 | 387,198,000 | 386,827,000 |
| Noninterest-bearing deposits | 147,882,000 | 145,740,000 | 148,454,000 | 141,497,000 |
| Equity capital | 25,114,000 | 21,925,000 | 12,832,000 | 27,108,000 |
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 | 4,261,000 | 8,743,000 | 13,360,000 | 18,071,000 |
| Interest expense | 568,000 | 1,302,000 | 2,200,000 | 3,224,000 |
| Net interest income | 3,693,000 | 7,441,000 | 11,160,000 | 14,847,000 |
| Noninterest income | 896,000 | 1,839,000 | 2,814,000 | 3,762,000 |
| Noninterest expense | 3,503,000 | 7,078,000 | 10,645,000 | 14,282,000 |
| Provision for loan losses | 0 | -36,000 | -36,000 | -47,000 |
| Pretax income | 1,159,000 | 2,311,000 | 3,438,000 | 4,447,000 |
| Income tax | 68,000 | 138,000 | 198,000 | 252,000 |
| Net income | 1,091,000 | 2,173,000 | 3,240,000 | 4,195,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,303,000 | 51,621,000 | 52,688,000 | 52,858,000 |
| Total capital | 52,795,000 | 53,080,000 | 54,149,000 | 54,308,000 |
| Risk-weighted assets | 235,808,000 | 236,369,000 | 240,532,000 | 238,260,000 |