Call reports 2023
GLOBAL INNOVATIONS BANK — 2023
What GLOBAL INNOVATIONS 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 | 49,792,000 | 54,971,000 | 55,457,000 | 58,882,000 |
| Total loans | 18,150,000 | 19,555,000 | 22,300,000 | 27,237,000 |
| Allowance for loan losses | 284,000 | 285,000 | 298,000 | 338,000 |
| Securities available for sale | 1,744,000 | 1,740,000 | 1,483,000 | 743,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,230,000 | 47,085,000 | 47,298,000 | 50,764,000 |
| Interest-bearing deposits | 30,707,000 | 33,191,000 | 32,364,000 | 32,943,000 |
| Noninterest-bearing deposits | 11,523,000 | 13,894,000 | 14,934,000 | 17,821,000 |
| Equity capital | 7,460,000 | 7,680,000 | 7,878,000 | 7,810,000 |
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 | 286,000 | 664,000 | 1,130,000 | 1,607,000 |
| Interest expense | 38,000 | 105,000 | 189,000 | 286,000 |
| Net interest income | 248,000 | 559,000 | 941,000 | 1,321,000 |
| Noninterest income | 639,000 | 1,275,000 | 1,893,000 | 2,580,000 |
| Noninterest expense | 723,000 | 1,380,000 | 2,138,000 | 3,092,000 |
| Provision for loan losses | 115,000 | 115,000 | 127,000 | 160,000 |
| Pretax income | 56,000 | 351,000 | 586,000 | 678,000 |
| Income tax | 24,000 | 104,000 | 147,000 | 177,000 |
| Net income | 32,000 | 247,000 | 439,000 | 501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,506,000 | 7,721,000 | 7,913,000 | 7,829,000 |
| Total capital | 7,742,000 | 7,979,000 | 8,200,000 | 8,167,000 |
| Risk-weighted assets | 18,867,000 | 20,644,000 | 22,975,000 | 27,733,000 |