Call reports 2023
ARMOR BANK — 2023
What ARMOR 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 | 395,832,000 | 407,338,000 | 437,152,000 | 433,188,000 |
| Total loans | 301,301,000 | 313,092,000 | 323,482,000 | 318,398,000 |
| Allowance for loan losses | 3,710,000 | 3,628,000 | 3,581,000 | 3,579,000 |
| Securities available for sale | 50,799,000 | 48,601,000 | 45,679,000 | 48,601,000 |
| Securities held to maturity | 2,000 | 2,000 | 2,000 | 2,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 363,435,000 | 372,147,000 | 400,953,000 | 399,481,000 |
| Interest-bearing deposits | 300,900,000 | 311,679,000 | 337,541,000 | 331,300,000 |
| Noninterest-bearing deposits | 62,535,000 | 60,468,000 | 63,412,000 | 68,181,000 |
| Equity capital | 31,461,000 | 30,982,000 | 29,617,000 | 32,096,000 |
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 | 3,862,000 | 8,022,000 | 12,664,000 | 17,756,000 |
| Interest expense | 946,000 | 2,457,000 | 4,418,000 | 6,770,000 |
| Net interest income | 2,916,000 | 5,565,000 | 8,246,000 | 10,986,000 |
| Noninterest income | 285,000 | 588,000 | 907,000 | 1,233,000 |
| Noninterest expense | 2,704,000 | 5,457,000 | 8,314,000 | 11,037,000 |
| Provision for loan losses | 110,000 | 150,000 | 150,000 | 140,000 |
| Pretax income | 387,000 | 546,000 | 639,000 | 912,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 387,000 | 546,000 | 639,000 | 912,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,564,000 | 33,948,000 | 33,975,000 | 34,580,000 |
| Total capital | — | — | — | 38,102,000 |
| Risk-weighted assets | — | — | — | 328,377,000 |