Call reports 2023
TOWN BANK, NATIONAL ASSOCIATION — 2023
What TOWN BANK, NATIONAL ASSOCIATION 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 | 3,645,050,000 | 3,590,763,000 | 3,732,172,000 | 3,764,668,000 |
| Total loans | 2,497,658,000 | 2,465,623,000 | 2,654,735,000 | 2,653,871,000 |
| Allowance for loan losses | 14,483,000 | 14,936,000 | 15,181,000 | 15,265,000 |
| Securities available for sale | 363,488,000 | 351,835,000 | 329,265,000 | 358,847,000 |
| Securities held to maturity | 378,357,000 | 373,965,000 | 418,056,000 | 413,242,000 |
| Trading assets | 20,614,000 | 22,443,000 | 25,757,000 | 22,475,000 |
| Total deposits | 3,069,931,000 | 2,997,683,000 | 3,064,460,000 | 3,094,138,000 |
| Interest-bearing deposits | 2,343,709,000 | 2,305,565,000 | 2,367,575,000 | 2,435,133,000 |
| Noninterest-bearing deposits | 726,222,000 | 692,118,000 | 696,885,000 | 659,005,000 |
| Equity capital | 345,198,000 | 347,083,000 | 341,280,000 | 370,588,000 |
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 | 38,528,000 | 78,835,000 | 123,069,000 | 169,487,000 |
| Interest expense | 12,765,000 | 29,052,000 | 47,973,000 | 68,470,000 |
| Net interest income | 25,763,000 | 49,783,000 | 75,096,000 | 101,017,000 |
| Noninterest income | 4,302,000 | 7,606,000 | 11,001,000 | 15,345,000 |
| Noninterest expense | 15,088,000 | 29,864,000 | 48,037,000 | 64,791,000 |
| Provision for loan losses | 1,365,000 | 2,730,000 | 3,591,000 | 3,973,000 |
| Pretax income | 14,393,000 | 25,238,000 | 35,892,000 | 48,952,000 |
| Income tax | 3,828,000 | 6,767,000 | 9,589,000 | 12,927,000 |
| Net income | 10,565,000 | 18,471,000 | 26,303,000 | 36,025,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 307,864,000 | 316,045,000 | 324,128,000 | 334,086,000 |
| Total capital | 325,721,000 | 334,603,000 | 341,998,000 | 352,266,000 |
| Risk-weighted assets | 2,923,565,000 | 2,877,262,000 | 3,052,427,000 | 3,014,239,000 |