Call reports 2023
1ST BANK OF SEA ISLE CITY — 2023
What 1ST BANK OF SEA ISLE CITY 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 | 294,863,000 | 312,984,000 | 309,843,000 | 304,021,000 |
| Total loans | 217,754,000 | 226,816,000 | 232,582,000 | 230,392,000 |
| Allowance for loan losses | 1,434,000 | 1,515,000 | 1,525,000 | 1,373,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 35,793,000 | 35,681,000 | 35,585,000 | 35,170,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,151,000 | 243,860,000 | 237,115,000 | 221,295,000 |
| Interest-bearing deposits | 183,309,000 | 178,011,000 | 174,273,000 | 162,923,000 |
| Noninterest-bearing deposits | 59,842,000 | 65,849,000 | 62,842,000 | 58,372,000 |
| Equity capital | 29,049,000 | 29,241,000 | 29,390,000 | 29,561,000 |
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 | 2,728,000 | 5,618,000 | 8,729,000 | 11,867,000 |
| Interest expense | 118,000 | 621,000 | 1,274,000 | 2,139,000 |
| Net interest income | 2,610,000 | 4,997,000 | 7,455,000 | 9,728,000 |
| Noninterest income | 103,000 | 212,000 | 318,000 | 423,000 |
| Noninterest expense | 2,263,000 | 4,515,000 | 6,854,000 | 9,154,000 |
| Provision for loan losses | 31,000 | 111,000 | 122,000 | -30,000 |
| Pretax income | 419,000 | 583,000 | 797,000 | 1,027,000 |
| Income tax | 113,000 | 148,000 | 213,000 | 272,000 |
| Net income | 306,000 | 435,000 | 584,000 | 755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,153,000 | 29,282,000 | 29,431,000 | 29,602,000 |
| Total capital | 30,587,000 | 30,796,000 | 30,956,000 | 30,975,000 |
| Risk-weighted assets | 177,842,000 | 183,461,000 | 185,200,000 | 180,988,000 |