Call reports 2023
LADYSMITH FEDERAL SAVINGS & LOAN ASSOCIATION — 2023
What LADYSMITH FEDERAL SAVINGS & LOAN 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 | 78,456,000 | 79,856,000 | 82,996,000 | 85,055,000 |
| Total loans | 52,647,000 | 54,827,000 | 58,587,000 | 60,355,000 |
| Allowance for loan losses | 426,000 | 438,000 | 450,000 | 454,000 |
| Securities available for sale | 16,646,000 | 14,931,000 | 13,543,000 | 14,987,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,416,000 | 68,402,000 | 67,737,000 | 65,889,000 |
| Interest-bearing deposits | 58,845,000 | 57,858,000 | 57,138,000 | 55,265,000 |
| Noninterest-bearing deposits | 10,571,000 | 10,544,000 | 10,599,000 | 10,624,000 |
| Equity capital | 5,432,000 | 5,345,000 | 4,894,000 | 5,874,000 |
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 | 650,000 | 1,384,000 | 2,175,000 | 3,030,000 |
| Interest expense | 107,000 | 262,000 | 446,000 | 715,000 |
| Net interest income | 543,000 | 1,122,000 | 1,729,000 | 2,315,000 |
| Noninterest income | 72,000 | 156,000 | 224,000 | 298,000 |
| Noninterest expense | 533,000 | 1,045,000 | 1,545,000 | 2,044,000 |
| Provision for loan losses | 12,000 | 24,000 | 51,000 | 100,000 |
| Pretax income | 70,000 | 159,000 | 307,000 | 419,000 |
| Income tax | 10,000 | 18,000 | 29,000 | 42,000 |
| Net income | 60,000 | 141,000 | 278,000 | 377,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,160,000 | 7,241,000 | 7,375,000 | 7,463,000 |
| Total capital | 7,586,000 | 7,679,000 | 7,825,000 | 7,917,000 |
| Risk-weighted assets | 40,974,000 | 42,634,000 | 46,093,000 | 47,913,000 |